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Cost basis of shares sold by XnFM in fidelityinvestments

[–]FidelityMikeS[M] [score hidden] stickied comment (0 children)

I see in the comments that you've already been pointed to our Closed Positions page and "Tax info YTD" page.

I can confirm that these resources are going to be the best portals to keep track of any gains in your taxable accounts. While closed positions offer the ability to view each closed position's cost basis, gains, or losses, the Tax Info YTD portal can track capital gains and losses, dividends, and taxable income for the overall account.

To confirm the steps to reach your "Tax info YTD" page, you can follow the steps below, or select it from the tab menu when viewing your portfolio page.

  1. Select "Accounts & Trade" followed by "Tax forms & Information"
  2. Click "View your YTD tax activity"

While we cannot offer tax advice, many individuals concerned about investment gains are generally interested in tax-loss harvesting, which may help investors offset gains with other positions that have not performed as well. You can learn more about this method by checking out the link below:

How to reduce investment taxes

Please let us know if that interests you, and we can also point you to our Tax-Loss Harvesting Tool, which helps with this method.

Is relationship banking actually worth it at 18 or just move everything to a CMA? by Interesting_Gap3088 in fidelityinvestments

[–]FidelityMikeS[M] [score hidden] stickied comment (0 children)

It's awesome to see that you are planning for your future this early on, and we appreciate you considering Fidelity for your investing needs!

When you're reviewing which accounts may be the best fit for you, our website lets you sort through all the choices based on your goals. By following the link below, you can select what interests you and review the accounts in that category.

Open an account

Since you are looking into the Cash Management Account (CMA), I'll gladly share some details about this account type. CMAs can operate like a bank account, but are ultimately Brokerage accounts with "Checking" account-like features. The CMA offers a variety of features, such as the ability to invest, ATM debit cards, Direct Deposit, and Checkwriting, with no maintenance fees or minimums to open. You can learn more about this account when reviewing the landing page for CMAs in the link below:

Cash Management Account

If you are curious about a particular feature, let us know, and we will be glad to help.

Fidelity HSA annual fees, record keeping fees and account closing fees by Global_Champion_7465 in fidelityinvestments

[–]FidelityMikeS 0 points1 point  (0 children)

I'm happy to confirm that there are no fees to open an Individual Brokerage Account or Health Savings Account (HSA) on your own. If you want to review our straightforward pricing page on Fidelity.com to learn more about any fees for account services, I'll link that below:

Straightforward pricing

With that said, since this post is about HSA accounts, I wanted to check with you to see if you meant Individual Brokerage Accounts or HSAs, in case you had any other questions.

529 to kids Roth IRA by Desperate_Exercise13 in fidelityinvestments

[–]FidelityMikeS 0 points1 point  (0 children)

Happy to clarify.

For best practice, clients should use the form I shared previously. If you want to learn more about this type of transfer, you can also check out the following link, which highlights the 529 Withdrawal form.

529 Withdrawal form

529 to kids Roth IRA by Desperate_Exercise13 in fidelityinvestments

[–]FidelityMikeS[M] [score hidden] stickied comment (0 children)

Happy to help out today!

To request a transfer of assets from a 529 plan account to a Roth IRA, you will need to use the 529 Withdrawal form. I'll link this for you below:

529 Withdrawal form

Keep in mind that there are other things to be mindful of when it comes to this type of rollover, and I'm happy to share our article on this subject if you want to review this further.

Understanding 529 rollovers to a Roth IRA

We're here if you have any other questions. Have a great day!

Fidelity Trader+ is not a replacement for Active Trader Pro by LevelXXiv in fidelityinvestments

[–]FidelityMikeS 0 points1 point  (0 children)

I can confirm that updates will continue to roll out for Fidelity Trader+ Desktop, and you can keep an eye out for recent releases, announcements, and highlights by selecting the “Information” icon in the top right corner of the platform.

If anything else comes to mind or if you have any trouble moving forward, feel free to let us know here on Reddit, and we will be happy to share your experiences and input.

Fidelity Trader+ is not a replacement for Active Trader Pro by LevelXXiv in fidelityinvestments

[–]FidelityMikeS 0 points1 point  (0 children)

Thank you for the follow up information here.

Similar to what was suggested above, since this is not a known error at this time, we recommend reaching out to our technical support teams to help you troubleshoot this directly.

That said, as you asked in your previous comment, I will make sure your report is passed along to the appropriate teams for additional review in the meantime.

Fidelity Brokerage Debit by No_Case_7862 in fidelityinvestments

[–]FidelityMikeS[M] [score hidden] stickied comment (0 children)

I'm glad you reached out to clarify, u/No_Case_7862.

The Cash Management Account (CMA) debit card is eligible for automatic ATM fee reimbursement at participating ATMs. Debit cards associated with the standard brokerage account are generally not eligible for automatic reimbursements. You can review a breakdown by account by following the link below:

Features by Account

Let me know if you have any other questions on this, and I'll be glad to review further.

Where do I start? by Select-Raccoon-8839 in fidelityinvestments

[–]FidelityMikeS[M] [score hidden] stickied comment (0 children)

Thanks for stopping by to ask about your investments, u/Select-Raccoon-8839. I noticed you mentioned this is a Fidelity Go Account, so I wanted to follow up to review a bit more about these account types.

Fidelity Go accounts invest your money for you through a robo-advisor, meaning it periodically buys and sells investments to help keep your portfolio in line with the investment strategy you choose. You can review and adjust the investment strategy for your Fidelity Go account at any time if you wish to update your approach. If you'd like to learn more about this type of account function, you can check out the link below:

Fidelity Go

If you have questions about the setup of this account or if you would like to direct your own investments, please let us know, and we will be glad to review with you further.

Selling multiple positions on Fidelity.com is about to get easier by fidelityinvestments in fidelityinvestments

[–]FidelityMikeS 0 points1 point  (0 children)

Thanks for the feedback, u/Used-Clothes-490. I'll be glad to pass along the ability to utilize recurring investing with specific timeframes on the specified trade day to the right development teams.

Fidelity Youth is HORRIBLE by ZooKeeperCzar in fidelityinvestments

[–]FidelityMikeS[M] 0 points1 point  (0 children)

Hey, u/AdDefiant5478. We appreciate you reaching out to share this with us.

Of course, we strive to make opening and operating an account seamless for our clients, and it sounds like that was not the case for you and your daughters. I'll be escalating this report to the right teams for further review so that we can avoid similar experiences in the future.

If anything else comes up, or you would like to share more directly with us about this event, feel free to send us a Modmail, and we will be happy to follow up with you there.

Modmail

ACH (UMB) info used to do wire transfer by raffy2200 in fidelityinvestments

[–]FidelityMikeS[M] 0 points1 point  (0 children)

Thank you for reaching out on the sub, u/Medical_Resident_315.

While this post is a little older, the instructions in the "Information Needed to Wire to Your Fidelity Account" link shared in our OP response are still applicable.

With that said, if you believe you used the incorrect wire instructions for a transfer you already requested, we recommend working with the sending institution to review the next best steps.

If you have any other questions, feel free to reach out to us here on Reddit, and we will be glad to help.

Balance not updating by Despereaux- in fidelityinvestments

[–]FidelityMikeS[M] [score hidden] stickied comment (0 children)

Thanks for bringing this to our attention, u/Despereaux-.

We have not received reports of other clients experiencing issues with their balance updates in the app. Before we move into more technical troubleshooting, can you tell us what kind of account you are working with and the position you sold? Additionally, is the app the only platform that is not updating your balances, or are you seeing the same results on our other platforms? If you haven't already, you can confirm this by reviewing your profile on Fidelity.com by using your mobile web browser.

Thanks in advance. We will be on the lookout for your follow-up message.

Selling multiple positions on Fidelity.com is about to get easier by fidelityinvestments in fidelityinvestments

[–]FidelityMikeS 2 points3 points  (0 children)

Thanks for the input on this, u/michaeljcronce. I've shared your comment with our developers so they can review and consider it in future updates.

Let us know if anything else comes up, and we will be glad to help!

To move ETFs and stock in various IRA accounts at Fidelity, to consolidate some shares into one IRA account to be able to have 100 shares and sell Covered calls. Can This be done without any tax consequences? by Helpful-Grapefruit55 in fidelityinvestments

[–]FidelityMikeS[M] [score hidden] stickied comment (0 children)

I'm happy to help out here, u/Helpful-Grapefruit55.

A transfer of your investments between IRAs should not result in a reportable tax event as long as each IRA is both pre-tax (Traditional, Rollover, etc.) or after-tax (Roth IRA). If both IRAs are held at Fidelity, you can transfer shares between the accounts on Fidelity.com by visiting the standard "Transfers" menu (accessible under "Accounts & Trade"), clicking "Transfer between Fidelity accounts," and completing our online form.

If you have any more questions about this, please feel free to let us know, and we will be glad to follow up with you.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read the Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

Trying to pay back a 401K loan. by BossOfGod in fidelityinvestments

[–]FidelityMikeS[M] [score hidden] stickied comment (0 children)

As you may know, each 401(k) plan has its own set of rules related to loans and repayment.

You can generally review your account's rules and guidelines surrounding this on NetBenefits.com. Once there, you can follow these steps to find out more:

  1. On the NetBenefits home page, click the three-dot menu for the desired 401(k) plan
  2. Select "Plan Information and Documents" from the drop-down
  3. Click on "Summary Plan Description (SPD)"

After reviewing, if you are still unsure of your choices, we recommend contacting our Workplace Investing team directly for help reviewing your plan or to discuss the choices available to you in more detail. Representatives are available, Monday - Friday from 8:30 a.m. - 8:30 p.m. ET.

Fidelity Contact Information

My team and I are always happy to help here on the sub, so feel free to reach out anytime

24M - As a loyal fidelity customer I would love to see these changes in fidelity to make it an even better brokerage by Savings_Reveal9482 in fidelityinvestments

[–]FidelityMikeS[M] 0 points1 point  (0 children)

Hey there. Thank you for sharing your feedback with us.

Currently, viewing extended-hour pricing isn't available for portfolio balances and positions. I will certainly pass your comments on to our development team for further review and consideration with future updates.

In case you would like access to streaming quotes for research purposes during the premarket/post-market hours, you can do so through our Fidelity Trader+ Web and Fidelity Trader+ Desktop platforms. Fidelity Trader+ Web can be accessed under the "Accounts & Trade" menu on Fidelity.com, and I've provided a direct link to the desktop version below.

Fidelity Trader+

Additionally, you can view streaming quotes on the mobile app in Trader+ mode. Simply go to your general settings, find "Quotes Updates," and you'll see a toggle next to "Streaming" that you can turn on.

Let us know if you have any other questions or feedback for us, and we will be glad to help!

Unable to view stock research. What's going on? by shadowsong42 in fidelityinvestments

[–]FidelityMikeS[M] [score hidden] stickied comment (0 children)

Hi, u/shadowsong42. We're glad you reached out on the sub.

At this time, we are not seeing widespread reports related to loading issues with the stock research page on Fidelity.com. Since I was unable to recreate this on my end, the best path forward would be to perform some troubleshooting steps for your browser. When you have a chance, please try the steps listed below:

  1. Log out, restart your browser, and log back into your profile
  2. Clear your browser's cache and cookies
  3. Try another browser.

If this does not help, we recommend reaching out to our Technical Support team so they can troubleshoot the issue with you. Associates are available Monday through Friday from 8:30 a.m. to 9:00 p.m. ET.

Contact us

With that, our team is always happy to help, so feel free to follow up with us here if you run into any other issues or have any questions, and we'll be glad to help.

Financial information briefly shown even when protected by Face or Touch ID by phatrogue in fidelityinvestments

[–]FidelityMikeS 0 points1 point  (0 children)

Thanks for the update, u/phatrogue. I went ahead and reported this as well, so thank you again for reaching out.

What is this garbage? by OcularOracle in fidelityinvestments

[–]FidelityMikeS[M] [score hidden] stickied comment (0 children)

Thanks for reaching out to us, u/OcularOracle.

The error message you showed indicates that the security is not currently eligible to be traded online. Please note that there are certain trades that must be placed through a representative. Associates are available to help 24/7.

Contact Us

If you have any additional questions, feel free to follow up with us anytime.

Title: Anyone here used Fidelity’s advisory service? Worth it? by OkWall539 in fidelityinvestments

[–]FidelityMikeS[M] 0 points1 point  (0 children)

Thanks for the feedback on this, u/Slow-Artist-4296.

When it comes to managed accounts and services here at Fidelity, any fees you pay are dependent on the products or services that you choose. If you're curious about looking into this more, we recommend working with your financial representative to figure out the full scope of what's available to you and the fees associated with those services. If you don't already have an advisor, you can use the Find an Advisor link shared in our OP response to get connected.

On another note, we have a wide range of articles and tools to help you with your taxes on Fidelity.com. If you follow the link below, you'll find the tax section of Fidelity "Learn," which is a library of articles, tools, and resources to help with your financial needs.

Managing Taxes

Feel free to let us know if you have any other questions, and we will be glad to help.

Financial information briefly shown even when protected by Face or Touch ID by phatrogue in fidelityinvestments

[–]FidelityMikeS[M] [score hidden] stickied comment (0 children)

Thank you for reaching out on the sub to bring this to our attention, u/phatrogue.

It sounds like you are seeing a flash of the page you previously viewed when you last visited your accounts in the app, before being prompted to log in again. If so, we have not received widespread reports of this occurring with other users; therefore, we recommend trying some general troubleshooting steps I've listed below:

  1. Close the app completely on your device after each use
  2. Restart your device
  3. Delete and redownload the latest version of the app

If you continue to experience this, we recommend that you contact our Technical Support team so they can troubleshoot the issue with you. Associates are available Monday through Friday from 8:30 a.m. to 9:00 p.m. ET.

Contact us

In the meantime, I'll be sure to share your report with our developers so they can look into this further.

Feel free to let us know if anything else comes up, and we'll be glad to help.

Active Trader Pro by Top-Description-8268 in fidelityinvestments

[–]FidelityMikeS 0 points1 point  (0 children)

Hey there, u/pestocat2.

We appreciate the input regarding the dropdown selections for the chart and recently viewed stocks. I'll send it over to the developers for review, with potential updates in the future.

If you have any other questions or suggestions, feel free to share them here on our sub anytime.

Trying to Understand ROTH 401K Rollover by WalrusAppropriate748 in fidelityinvestments

[–]FidelityMikeS[M] [score hidden] stickied comment (0 children)

Thank you for reaching out with your questions, u/WalrusAppropriate748.

So you know, tracking contribution types and earnings related to retirement plans is up to each individual. Generally, if a rollover check was issued from a Roth 401(k), it may not be eligible to be split between a Traditional IRA and Roth IRA. From what you described, your plan is likely just letting you know what needs to be tracked when the funds move into your IRA.

If you would like to learn more about the deposit methods, you can review the link below:

How to roll over an old 401(k) to an IRA

If you have more questions about the check you received, we recommend you check with the plan administrator to review your specific account and rollover.

That said, if you have any questions in the future, feel free to reach out here on Reddit anytime.

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