Account Positions (Previous Sales/Realized)

Overview

The Previous Sales/Realized screen displays the gain or loss from the sale of a security (stocks, bonds, mutual funds, options), which is the comparison between its current value and its original cost. This information is available for both retirement and non-retirement accounts. In addition to realized gains and losses, you can view all closed positions in the current account. From the list of closed positions, you can drill down to display the lots that made up a particular position and that are no longer held today.

For certain fixed income securities held in non-retirement accounts, cost basis is adjusted for Original Issue Discount (OID) and any market premium or market discount that applies. Market discount accrual is deferred until closure of the tax lot.

The fixed income securities eligible for adjusted cost basis include:

Viewing Positions

Sales for the current year-to-date display by default. However, you can use the Select Year and Select Month drop-downs at the top of the screen to choose from the available years and individual month or all months in the chosen year. Then, select the Display button to display the account-level short term and long term realized gain/loss information.

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Year Summary

NOTE: Values in the Summary section are calculated at the lot level for non-retirement and retirement accounts.

This section summarizes gain and loss realized at the account level. For non-retirement accounts, this summary breaks out gains and losses into short-term and long-term results.

Field Definition
Disallowed Loss (Long Term) NOTE: Applies to non-retirement accounts only.
Displays the dollar amount of loss realized from closing lots held longer than one year that is disallowed as the result of wash sale processing.
Disallowed Loss (Short Term) NOTE: Applies to non-retirement accounts only.
Displays the dollar amount of loss realized from closing lots held one year or less that is disallowed as the result of wash sale processing.
Gain (Long Term) NOTE: If an account is enabled for international trading, this field displays in USD only.
Non-retirement accounts: Displays the dollar amount of gain realized from closing lots held longer than one year.
Retirement accounts: Displays the total dollar amount of gain from closing lots.
Gain (Short Term) NOTE: If an account is enabled for international trading, this field displays in USD only.
Non-retirement accounts: Displays the total dollar amount of gain realized from closing lots held one year or less.
Retirement accounts: Displays the total dollar amount of gain from closing lots.
Loss (Long Term) NOTE: If an account is enabled for international trading, this field displays in USD only.
Non-retirement accounts: Displays the dollar amount of loss realized from closing lots held longer than one year.
Retirement accounts: Displays the total dollar amount of loss from closing lots.
Loss (Short Term) NOTE: If an account is enabled for international trading, this field displays in USD only.
Non-retirement accounts: Displays the dollar amount of loss realized from closing shares held one year or less.
Retirement accounts: Displays the total dollar amount of loss from closing lots.
Net Gain/Loss (Long Term) NOTE: If an account is enabled for international trading, this field displays in USD only.
Non-retirement accounts: Displays the net dollar amount (gain or loss) realized from closing lots held longer than one year. This amount includes any disallowed losses.
Retirement accounts: Displays the net dollar amount (gain or loss) from closing lots.
Net Gain/Loss (Short Term) Non-retirement accounts: Displays the net dollar amount (gain or loss) realized from closing lots held one year or less. This amount includes any disallowed losses.
Retirement accounts: Displays the net dollar amount (gain or loss) from closing lots.

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Currency Summary

NOTE: This section only applies to an account enabled for international trading.

Field Definition
Realized Gain/Loss Displays the dollar value of the gain or loss realized for the year, by currency. This field displays in USD only.

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Details

NOTE:

This section displays the gain or loss information for the month or all months of the year specified in the Select Year and Select Month drop-downs at the top of the screen. The list is sorted by Date Sold (latest to earliest). If there is more than one entry in the list, you can view gains and losses for a specific security. Filter the contents according to CUISP or Symbol using the Filter By drop-down and its associated text field. The list dynamically filters to include only those securities where the CUSIP or Symbol includes the characters that you enter. To refine the results further, enter additional characters in the search box. Select the Reset link to remove the filtering. Filtering is not implemented by default.

Field Definition
Cost NOTE: If an account is enabled for international trading, this field displays in USD for currencies and in USD and trading currency for international equities.
Displays the total original cost of these shares: Quantity MULTIPLIED BY (Cost DIVIDED BY Share)

For factored fixed income securities: A small "a" adjacent to a value in this column indicates that as of the close of the previous business day, original cost was replaced with an adjusted cost for any cumulative OID, amortized premium, or acquisition premium, and the adjustment assumes such amounts were amortized by the taxpayer over the life of the security from acquisition date through disposition date.
Cost per Share NOTE: If an account is enabled for international trading, this field displays in USD for currencies and in USD and trading currency for international equities.
Displays the original cost per share of these shares: Cost DIVIDED BY Quantity.
Cost Selection Method

Displays the cost basis disposal method used by the account. See Cost Basis Disposal Methods for a list of the possible options.

NOTE:

  • Applies to brokerage accounts only.
  • If the lot has been transferred, the cost basis disposal method used on the transfer displays.
  • If the position is a mutual fund with Average Cost method, ACSC displays.
  • If the position used specific ID cost, Specific Share displays.
Cost Source

Displays the origin of the cost information for the position; options are Customer (Customer Provided), Fair Market (Fair Market Value), FBS (Fidelity), NFS (National Financial), Third Party, Unknown, NIGO (position currently under review), n/a (not applicable), or -- (not available).
Non-retirement accounts only: Wash Sale Disallowed Loss: Indicates the loss associated with the closed lots was disallowed as a result of a wash sale.

NOTE: In some cases, an account may have a position for which the cost source is unknown. This situation usually occurs because the securities came into the account through a transfer from another institution. If entitled, when cost source is Customer or Unknown, you can update cost.
Covered/Non-Covered Indicates if a lot is covered or non-covered; options are: Covered and Non-Covered.
NOTE: Please see Covered and Non-Covered Shares for additional information.
Date Acquired NOTE: Applies to non-retirement accounts only.
Displays the date the position was purchased originally (added to the account). For example, the trade date of a buy or the process date of a dividend reinvestment.

NOTE: The following values that may display:
  • † (dagger): Indicates an adjustment occurred due to a wash sale event.
  • Various: Indicates that cost for the shares is determined using the ACSC (Average Cost-Single Category) cost method.
Date Sold Displays the date the position was sold (trade date).
Gain/Loss NOTE: If an account is enabled for international trading, this field displays in USD for currencies and in USD and trading currency for international equities.
Displays the dollar value of the gain or loss realized after closing (selling) the shares: Proceeds MINUS Cost.
NOTE:
  • Applies to non-retirement accounts only.
  • A monetary gain is represented in Green and a loss is represented in Red.
Gain/Loss % Displays the percent gain or loss realized after closing (selling) the shares: Proceeds DIVIDED BY Cost.
NOTE:
  • Applies to non-retirement accounts only.
  • A percentage gain is represented in Green and a loss is represented in Red.
Gifted/Inherited Indicates if the lot was Gifted or Inherited. Displays n/a if neither is the case or B if both are true.
  • Gifted: The lot was a gift to the account holder. For gifted securities, both the donor’s cost basis and the fair market value, as of the date of the gift, are recorded. At the time of the sale, cost basis is the original cost basis, the fair market value on the date of the gift, or based on the amount of the proceeds
  • Inherited: The lot was inherited by the account holder. For inherited securities, cost basis is determined by applying fair market value, as of the date of death, unless other instructions are received from the estate representative.
  • n/a: The lot was neither gifted nor inherited by the account holder.

NOTE: If a lot is inherited, and then gifted, it retains the qualities of both. If a lot is gifted, and then inherited, cost basis follows the rules for inherited lots.
Holding Period NOTE: Applies to non-retirement accounts only.
Displays the period of time the customer held the position before it was sold and thus the tax implications; options are Short (shares held one year or less) or Long.(shares held longer than one year).
Market Gain/Loss NOTE: Applies to an account enabled for international trading only.
Displays the value of the gain or loss that would be realized as a result of a change in the security price. This field displays in USD only.
Proceeds NOTE: If an account is enabled for international trading, this field displays in USD for currencies and in USD and trading currency for international equities.
Displays the dollar amount received as the result of the sale of the position.
Quantity Displays the quantity or number of shares acquired on the date.
Reason Code Displays the one character covered or non-covered Reason Code. NOTE: Please see Reason Codes for a list of the possible characters that can display.
Translation Gain/Loss NOTE: Applies to an account enabled for international trading only.
Displays the value of the gain or loss that would be realized as a result of a change in the currency exchange rate. This field displays in USD only.

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Wash Sale

A wash sale occurs when a customer sells stock or securities at a loss and within 30 days before or after the sale buys substantially identical stock or securities. You cannot deduct losses from wash sales or trades of stock or securities. However, the gain from these sales is taxable. For the purposes of wash sale determination, National Financial Services LLC and Fidelity Brokerage Services LLC (together Fidelity) do not track substantially identical securities.

773801.2.0

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