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Fidelity 500 index fund
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Fidelity 500 index fund

The gist

A 58-year-old's $400,000 Fidelity 500 Index Fund holding got a capital gains tax bill her neighbor's VOO never sent.
The fund's structure, not her trading, triggered the taxable distribution.

How it unfolded

  1. 2018 -12FXAIX's December distributions spiked to $0.875 per share.
  2. 2026 -04A 58-year-old woman received a Form 1099-DIV showing a capital gains line item on her Fidelity 500 Index Fund holdings, despite not trading a share in six years.
  3. Sep 10, 2026FXAIX closed at $264.30.

Sources

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