One common question around Fidelity’s Treasury Only Money Market Fund, FDLXX, is its state tax exemptions. To shed light on this matter, this blog post will delve into how Fidelity handles FDLXX on tax forms and what investors need to keep in mind. How Fidelity Handles FDLXX on Your Tax Forms According to a Reddit … Read more
Recently, I received a letter from Fidelity Investments that left me both curious and puzzled. The letter stated that Fidelity currently holds assets to which I may be entitled, and it included a contact number for Fidelity’s Inherited Services group. Here is the full message: “This letter is to inform you that Fidelity currently holds … Read more
Now that Fidelity offers crypto trading to the public, it’s time to talk about taxes. If you buy and sell crypto on the Fidelity platform, you’ll either make a profit or a loss, and you need to report that on your taxes. So, how does the brokerage handle tax reporting for Bitcoin and Ethereum trades? … Read more
Before building a portfolio based on Dave Ramsey’s investing strategy, you must decide which mutual funds to include. Assuming you have an account with Fidelity Investments, we have that list handy. Dave recommends spreading your investments evenly among the four categories listed below: Fidelity has a large selection of mutual funds that meet Dave Ramsey’s … Read more
Below is the FSKAX return calculator, which you can use to calculate the potential investment return for the Fidelity Total Market Index Fund. This fund has over 3,900 stocks in its portfolio, ranging from small, medium, to large-cap stocks. You can input the amount you plan to invest in FSKAX and the duration of your … Read more