Fidelity sends you a stack of tax forms each year, and which ones you get depends on what’s in your accounts. A taxable brokerage account produces a Consolidated 1099. A retirement account with any activity produces a 1099-R and, if you contributed, a Form 5498. A Health Savings Account produces a 1099-SA and a 5498-SA. The Fidelity tax forms arrive on a staggered schedule between mid-January and mid-May, with the Consolidated 1099 released in four waves depending on how complex your holdings are.
Which Form Comes From Which Account
The forms track your accounts, not the other way around. If you have a taxable brokerage account with dividends, interest, or sales during the year, you get a Consolidated 1099 that bundles Form 1099-DIV, 1099-B, 1099-INT, and 1099-MISC into a single package.1Fidelity. Understanding Your 1099 Tax Form If you took money out of, converted, or rolled over a retirement account, you get a 1099-R. If you contributed to an IRA, you get a Form 5498. HSAs generate their own pair: 1099-SA for distributions and 5498-SA for contributions.
Someone with a brokerage account, an IRA they contributed to, and an HSA they used will see four or five separate forms across the year. Someone whose only Fidelity account is a 401(k) they didn’t touch may see nothing at all.
What’s Inside the Consolidated 1099
1099-B: Securities Sales
The 1099-B section lists every sale, redemption, or exchange in your taxable account.2Internal Revenue Service. About Form 1099-B, Proceeds From Broker and Barter Exchange Transactions For each transaction you’ll see the proceeds, the sale date, and whether the holding period was short-term (one year or less) or long-term (more than a year). For covered securities, Fidelity also reports your adjusted cost basis. Short-term and long-term transactions are grouped separately because they’re taxed at different rates.
These numbers flow to Form 8949 and then Schedule D. If every transaction shows basis reported to the IRS with no adjustments, you can put the totals straight on Schedule D and skip Form 8949.3Internal Revenue Service. Instructions for Form 8949
Two boxes to watch. Box 1g shows disallowed losses from wash sales, where you bought substantially identical shares within 30 days before or after selling at a loss.4Office of the Law Revision Counsel. 26 USC 1091 – Loss From Wash Sales of Stock or Securities Fidelity only tracks wash sales within the same account for the same CUSIP, so a loss in your brokerage account paired with a purchase of the same stock in your IRA is still a wash sale, but Fidelity won’t flag it and you’ll need to make the adjustment yourself.5Internal Revenue Service. Instructions for Form 1099-B Second, non-covered securities (older lots that Fidelity isn’t required to report basis for) may show a basis on your statement, but the IRS doesn’t have that number. If you leave the basis blank on your return, the IRS assumes zero and taxes the full sale amount.
1099-DIV: Dividends and Distributions
Box 1a on the 1099-DIV section shows total ordinary dividends. Box 1b shows the portion that qualifies for the lower long-term capital gains rate. Financial institutions are required to report dividends of $10 or more, so tiny amounts may not appear.6Internal Revenue Service. Instructions for Form 1099-DIV The gap between 1a and 1b is the piece taxed at your regular income rate.
1099-INT: Interest Income
Taxable interest from money market funds, bonds, and cash appears in Box 1, with a $10 reporting threshold.7Internal Revenue Service. About Form 1099-INT, Interest Income Tax-exempt municipal bond interest sits separately in Box 8, generally off your federal return but potentially taxable at the state level.
Retirement Account Forms
1099-R: Distributions
Any withdrawal, conversion, or rollover from a retirement account triggers a 1099-R.8Internal Revenue Service. About Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Box 1 is the gross distribution and Box 2a is the taxable portion. For a qualified Roth withdrawal, Box 2a is zero.
The single most important field is the distribution code in Box 7. Code 1 signals an early distribution before age 59½, usually meaning a 10% penalty on top of ordinary income tax. Code 7 is a normal distribution with no penalty. Code G means a direct rollover, which isn’t taxable. If the code looks wrong, call Fidelity before you file. Fixing a 1099-R upfront is easier than amending later.
Form 5498: IRA Contributions
Form 5498 reports what you put into a traditional, Roth, SEP, or SIMPLE IRA.9Internal Revenue Service. About Form 5498, IRA Contribution Information Box 1 shows traditional IRA contributions; Box 10 shows Roth contributions.10Internal Revenue Service. IRS Form 5498 – IRA Contribution Information Both boxes cover contributions made during the calendar year and through April 15 of the following year.
You don’t file Form 5498 with your return. It’s a record for you, used to check against annual limits and to establish account value. For 2026, the IRA contribution limit is $7,500, plus a $1,100 catch-up at 50 or older.11Internal Revenue Service. 401(k) Limit Increases to $24,500 for 2026, IRA Limit Increases to $7,500 Because you can make prior-year contributions right up to the April tax deadline, Fidelity has until May 31 to file the form.12Fidelity. What Is Form 5498? IRA Contribution Information
HSA Forms
Form 1099-SA reports HSA distributions, whether you spent them on qualified medical expenses or not.13Internal Revenue Service. Form 1099-SA – Distributions From an HSA, Archer MSA, or Medicare Advantage MSA You use it to complete Form 8889, which sorts qualified spending (not taxed) from non-qualified spending (taxed, plus a 20% penalty if you’re under 65).
Form 5498-SA reports your HSA contributions. For 2026, the limits are $4,400 for self-only coverage and $8,750 for family coverage, with a $1,000 catch-up at 55 or older.14Internal Revenue Service. Rev. Proc. 2025-19 Like the IRA version, it arrives after the tax deadline, usually online in mid-May.15Fidelity. Tax Information: Tax Day Forms and Updates
When Each Form Arrives
Fidelity releases forms on a staggered schedule set by the IRS deadlines for each form type. The deadline for furnishing 1099-INT and 1099-DIV to recipients is January 31; for 1099-B it’s February 15.16Internal Revenue Service. Publication 1099 – General Instructions for Certain Information Returns Because the Consolidated 1099 bundles all three, its release follows the latest applicable deadline for the securities in your account.
Fidelity issues 1099-R forms early, usually online in mid-January.15Fidelity. Tax Information: Tax Day Forms and Updates Consolidated 1099s come out in four waves:
- Group 1, around January 24: simpler accounts with straightforward income.
- Group 2, around February 7.
- Group 3, around February 21.
- Group 4, around March 11: the most complex accounts, typically those holding REITs, certain mutual funds, or securities where the final tax character of distributions isn’t known until later.
Fidelity delays the later groups on purpose. Sending you a number in January that has to be corrected in February creates more work than waiting. Form 5498 and Form 5498-SA arrive online by mid-May, after the April 15 contribution deadline has passed.15Fidelity. Tax Information: Tax Day Forms and Updates
How to Get Your Forms and What to Check
Log into Fidelity.com and open Statements & Records, then the Tax Forms tab. Every document generated for your accounts sits there, filterable by year and form type, downloadable as a file you can save or forward to your preparer. Electronic delivery is the default for most active accounts; paper requires opting in through your preferences. Most tax software can import Fidelity data directly, either from the downloaded file or through a secure connection, which cuts manual entry errors when your 1099-B runs long.
Before you file, check that the form is marked “Final.” Preliminary drafts are labeled differently, and filing from one can force an amendment later. If your account falls into a later release group and your Consolidated 1099 hasn’t posted yet, wait for it. Estimating and filing early tends to cost more time than the patience would have.
Corrected Forms and Amended Returns
Corrected 1099s happen even with the staggered schedule. Mutual funds and REITs sometimes reclassify income after Fidelity’s initial statements go out, and when that happens you’ll get a form marked “Corrected” that supersedes the original.
If you already filed, whether you need to amend depends on the size of the change. A few dollars shifting between dividend categories may not move your bottom line. A four-figure reclassification usually will. When it does, you file Form 1040-X.17Internal Revenue Service. File an Amended Return You have three years from the original filing date to submit a 1040-X and claim any refund owed.18Internal Revenue Service. Topic No. 308, Amended Returns Ignoring a corrected form that raises your income invites the IRS’s accuracy-related penalty of 20% on any resulting underpayment.19Internal Revenue Service. Accuracy-Related Penalty
The reliable way to avoid the whole cycle: if your account holds REITs, partnerships, or complex mutual funds, wait until your forms are marked final in mid-March before you file. That one choice eliminates most reasons for a corrected Fidelity 1099 to turn into an amended return.