Year End Statement & Report Comparison

概観: 

The Interactive Brokers Year End Reports provide an activity review for US persons and US entities.  The various account statements provide the transaction details as the basis for each report.   Each of the standard reports spans the time period from January 1 through December 31.

Some reports, such as the Gain/Loss Summary Worksheet, may consolidate transactions and calculations.  For the sake of conserving volume, trade activity may be combined.  The account statements include all activity.  For your convenience and to assist with your reconcilation, customized statements permit activity displays suitable for your personal needs (see the tab "Customized Templates" for details).

All US tax reports include the total figures as required under the US tax laws.

Non-US Persons and Entities

Income paid from US sources to non-US  persons and entities may find this comparison helpful.  IB is required to withhold US taxes at a rate of 30% on payments of US source stock dividends and substitute payments in lieu. Both the withholding and the income is reported on the US tax Form 1042-S. 

For additional information about how IB handles non-US persons and entities, select this Tax Information and Reporting link  and choose the tab Non-US Persons and Entities.

Year End Reports (For Trading) Comparison shown below identifies the most common transaction types which appear on the year end reports.  Not all activity is included on each report.

Comparison of trades shown on the year end reports
Year End Reports Stock Bond Equity & Index Option Single Stock Futures Futures Forex
Form 1099 Sell Sell - - Gain/Loss -
Form 1042-S - - - - - -
Annual Statement Buy/Sell Gain/Loss Buy/Sell Gain/Loss Buy/Sell Gain/Loss

Buy/Sell Gain/Loss

Buy/Sell Gain/Loss

Buy/Sell Gain/Loss
Gain/Loss  Worksheet
Cost/Sell Gain/Loss Cost/Sell Gain/Loss Cost/Sell1 Gain/Loss1 Cost/Sell Gain/Loss - -
1256 Worksheet
- - Gain/Loss5 - Gain/Loss -

NOTES:  (1) Only cash settled; (2) Gain/Loss Worksheet was first published by IB with tax year 2007.  Worksheets for prior years are not available.  IB did provide gain and loss data on the Annual Statements; (3) The 1256 Worksheet was first published by IB with tax year 2008; (4)  Option transactions are not 1099 or 1042-S reportable transactions.  In accordance with the IRS guidelines, IB excludes the activity from the tax reports; (5)  Only broad-sed index options appear on the 1256 Worksheet

 

Year End Reports (For Income) Comparison shown below identifies the most common types of income which appear on the year end reports.  Not all income is reportable on a 1099 or Dividend Summary.

Comparison of income shown on the year end reports
Year End Reports Dividends Credit Interest Debit Interest Accruals Pay In Lieu Credit Pay In Lieu Debits Fees
Form 1099 Yes Yes No No Yes No No
Form 1042-S  Yes Yes No No Yes No No
Annual Statement Yes Yes Yes Yes Yes Yes Yes
Dividend Summary Yes No No No Yes Yes No
Gain/Loss Worksheet No No No No No No No
1256 Worksheet No No No No No No No

NOTES:   (1) US Tax Form 1042-S is provided to non-US persons/entities, along with the Dividend Summary.  The Tax Form reports interest, dividends, substitute payments in lieu, and US tax withholding from US securities; (2) For US persons/entities, the Dividend Summary may list dividends as potentially eligible for treatment as “Qualified” based on the holding period.  IB does not report this on the 1099-DIV or to the Internal Revenue Service; (3) Debit transactions are not 1099 or 1042-S reportable transactions.  In accordance with the IRS guidelines, IB excludes the activity from the tax reports; (4) Exchange, market data, and activity fees


 

 

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