For all customers IB provides an Annual Statement and a Dividend Report.
Your Annual Statement shows trade detail for your account gain and loss on a First In, First Out (FIFO) and a Mark-to-Market (MTM) matching basis or the specific method of tax accounting selected for your account. Your Dividend Report shows account detail for all dividends, and payments in lieu of dividends, as well as withholding on these amounts.
US customers are also provided with a Gain/Loss Summary Worksheet and a Gain/Loss Worksheet for 1256 Contracts. See the relevant FAQ for a description of the Gain/Loss Summary Worksheet.
The Gain/Loss Worksheet for 1256 Contracts shows detail on mark-to-market profit and loss for sales of equity options, futures (excluding single stock futures) and future options in your account.
For further explanations of these statements on the IB website, from the Accounts menu select Tax Reporting, and see the US Persons and Entities tab. Your statements are accessible from our website by logging in to Account Management, and accessing the Tax Forms section of the Report Management menu.
In compliance with Treasury Department Circular 230, unless stated to the contrary, any information contained in this FAQ was not intended or written to be used and cannot be used for the purpose of avoiding tax penalties that may be imposed on any taxpayer.