Hi,
I have a brokerage account at fidelity which includes, among other things, an ETF - DBC, to be specific. My 1099s from fidelity make no mention of any interest/distributions/etc from this ETF.
Now, I got a K-1 form directly from Powershares with interest listed for this ETF.
Since fidelity did not include this in the 1099, does that mean this is somehow not taxable, or it gets reflected in the ETF NAV or cost basis and only matters when i finally sell the ETF? Or, does fidelity just leave the ETFs out of its 1099s and I have to separately enter it into my taxes each year?