The Fidelity payer ID number is an important piece of information needed when filing taxes on investments and retirement accounts held at Fidelity. Having the correct payer ID ensures your tax documents are matched to the right financial institution. This article will explain what a Fidelity payer ID is and how to find yours.
What is a Fidelity Payer ID?
A Fidelity payer ID, also known as a tax identification number, is a unique identifier assigned to Fidelity by the IRS. It allows the IRS to match tax documents like 1099 forms to the correct company. Fidelity will include their payer ID on any tax forms they send you related to your investments or retirement accounts with them. This is crucial for accurate tax filing.
Why Do You Need the Fidelity Payer ID?
You need the Fidelity payer ID when filing your taxes if you have taxable investment accounts or retirement accounts like IRAs with Fidelity. The payer ID links the tax documents from Fidelity to your tax return, ensuring you report the correct amounts for capital gains, dividends, withdrawals, etc. Without the proper ID, your tax return could be rejected or inaccurately processed.
Where to Find Your Fidelity Payer ID
The easiest way to find your Fidelity payer ID is to look at any tax reporting forms they have sent you, such as a 1099-DIV or 1099-R. The Fidelity payer ID will be clearly listed near the top of the form. You can also contact Fidelity customer service to obtain the number if you cannot locate it.
Having the correct Fidelity payer ID is important for accurate tax filing on your Fidelity accounts. Check any tax forms from Fidelity or contact customer service to find your payer ID.