Do I need the Fidelity Closed Lots CSV if I only had sell-to-cover?

Yes. Sell-to-cover (your employer auto-selling part of a vest to cover tax) is still a sale. Those shares were held and then sold during the calendar year, so they must appear in Table A3 with a zero closing value plus the sale proceeds — and they no longer show in the Open Lots CSV, so you need the Closed Lots CSV.

I sold shares during the year — what is their closing value in Table A3?

Zero. A lot sold during the calendar year has a December 31 closing value of 0, but it must still be disclosed in Table A3 for the year it was held, along with its gross sale proceeds (proceeds converted at the SBI TTBR on the sale date, per Rule 115).

Do I still report shares if I sold every share during the year?

Yes. Any foreign equity held at any point between January 1 and December 31 must be disclosed in Table A3 — even if you held nothing on December 31. All lots are reported with a zero closing value plus their proceeds.

What if my Closed Lots CSV is empty?

Then you did not sell any shares during the year and you only need the Open Lots CSV. All your lots are still open and appear in your current holdings.

Fidelity Closed Lots CSV for Schedule FA

6 min read · Updated June 2026 · Applies to AY 2025-26 and AY 2026-27

Key point: Schedule FA discloses every foreign asset held at any time between January 1 and December 31 — not just what you hold on Dec 31. Shares you sold during the year (including sell-to-cover) still belong in Table A3, with a zero closing value plus their sale proceeds.

Why Open Lots alone is not enough

When you sell shares, those lots move out of your Fidelity Open Lots (current holdings) and into Closed Lots. If you rely only on the Open Lots CSV, every lot you sold during the year is missing from your disclosure — even though you held those shares during the calendar year and must report them.

This is exactly why a complete Schedule FA from Fidelity often needs three exports: Open Lots, Closed Lots and Transaction History. See the full Fidelity → Schedule FA walkthrough for the export steps.

When do you need the Closed Lots CSV?

Situation	Need Closed Lots?	Table A3 treatment
Only vested, sold nothing	No	All lots from Open Lots
Sell-to-cover only	Yes	Sold lots: closing value 0 + proceeds
Manual partial sale	Yes	Sold lots: 0 closing + proceeds; held lots from Open Lots
Sold everything	Yes	All lots: 0 closing + full proceeds

Sell-to-cover counts as a sale

On many vests, Fidelity automatically sells a portion of the shares to cover tax withholding. Even though you did not place the order, those shares were briefly held and then sold — so they are reported in Table A3 with a zero closing value and their proceeds. They appear in your Closed Lots, not your Open Lots.

How a sold lot maps to Table A3

Example — RSU lot sold mid-year:
Acquisition (vest) date: 15 Jun 2025 · Sold: 20 Aug 2025
Initial value = cost basis × SBI TTBR on 15 Jun 2025 (Rule 115)
Peak value = lot's share of peak portfolio value during the year
Closing value (Dec 31) = 0 (sold)
Proceeds = gross proceeds × SBI TTBR on 20 Aug 2025 (Rule 115)

The lot still appears even though you no longer hold it — it was a foreign asset you held during the calendar year. For the correct ESPP initial value (FMV vs purchase price), see the ESPP guide; for vest-date rules see the RSU guide.

Common errors with sold lots

Omitting sold lots entirely. Incomplete disclosure carries Black Money Act risk — your vesting history is visible to the department via employer TDS and FATCA/CRS.
Using March 31 instead of Dec 31. Schedule FA follows the calendar year; a lot sold in November has a Dec 31 closing value of 0.
Leaving proceeds blank. Report gross sale proceeds (before fees/withholding) at the SBI TTBR on the sale date.

Shares sold in January of the next year

If you sold shares in January 2026, they were still held on 31 Dec 2025 — so for CY 2025 (AY 2026-27) they are reported with their Dec 31 closing value, and they appear again the following year with a zero closing value plus proceeds. The same lot can legitimately appear in two consecutive years' Schedule FA with different closing values.

Sold lots handled automatically

Upload Open Lots, Closed Lots and Transaction History. ITRFA.in adds a Table A3 row for every lot held during the year — sold lots get a zero closing value, proceeds, and the correct SBI TTBR for both acquisition and sale dates.

Generate Schedule FA →

Fidelity → Schedule FA →
Which CSVs, export steps

Table A2 vs A3 →
Account vs shares

RSU Schedule FA →
Vest date, multiple lots

Informational only, based on current law (FY 2025-26 / AY 2026-27). Consult a chartered accountant before filing.