Datalevel: eTax documents for IBKR

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There is a company called Data Level. It seems they work with some brokers liek Saxo to offer a Swiss eTax statement service

I looked at their sample statement. I believe it’s possible for Interactive brokers to work with them but maybe they don’t care about Swiss investors.

I even thought it would be cool if one can create a script to convert IBKR statements into the Swiss eTax statement.

For my own tax return, I find it a bit complicated because I have US bonds and US ETFs plus broker interest. So I have to break them into two anyways as only ETFs need to be listed in DA-1.

If some programmers are up for it, this can be a nice community project :slight_smile:

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Programmatic Tax Return
Programmatic Tax Return
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Datalevel can now generate an eTax document for IBKR for CHF 50:

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I think Datalevel figured a good unmet need. Bravo to them

wondering how they take care of accumulating ETFs which don’t yet have dividends estimated in Ictax

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How do the big swiss broker/bank deal with them?

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No idea. I will try with Saxo next year. Maybe they leave them blank. Until now I never used a e-tax

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I had a quick look at my Saxo eTax for 2024. There is no information on this for IE000716YHJ7. As far as I can remember, I imported the eTax document into the tax software for the canton of Zurich, and the software then asked me if I wanted to update the data using ICTax.

But I’m not sure.

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9 posts were merged into an existing topic: Programmatic Tax Return

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I think many canton tax offices allow you to update the data from ictax to take data added later into account with just a click. It generates more pages in the tax declaration with the documented changes. There’s enough information in the eSteuerauszug to do that with the positions and transaction quantities and dates.

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Is it safe to assume they checked with the tax offices that they are fine with eTax documents generated by third parties?

I know that they also generate reports for other brokers but they do it B2B and it’s the broker that ultimately puts their brand on it. I imagine their reputation in Switzerland is enough well established that the tax offices will trust them?

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I think somebody mentioned before that the data spec is public but parts of it to generate the PDF are only shared with trusted parties.

But 50 CHF is perfectly reasonable, so even if we had access it would not be worth spending so much time on it.

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I think they have the specs so most likely their report will work.

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Mmh, that’s a fair price. I may consider it, although I’ve always used my “free” “self-generated” report from IB, but this year my Veranlagung is >2M overdue and when I asked about it, they said the Wertschriftenabteilung is still looking at it :grimacing: well, nothing to hide :sweat_smile:

Linking account to an administrator account (i.e. datalevel…)
"Data security and protection: Datalevel ensures the confidentiality of the data and protects it from unauthorized thirdparty access. The rules of Swiss data protection law are complied with. The data will be used exclusively for the preparation of tax statements and will not be passed on to third parties.
IBKR administrator account: An Administrator account is a single account linked to multiple Advisor, Single or Multiple Hedge Fund, Proprietary Trading Group and accounts for the purpose of providing reporting and other administrative functions to one or more client, fund or sub accounts. Administrators have no access to funding, cannot trade and have no access to IBKR trading platforms."

“Administrator” just sounds like more, but indeed isn’t, it seems.

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Actually I think as far as I know, the QR code simply fills the forms automatically. So once it’s imported, the data becomes equivalent to what could be manually entered.

however never used such report , so can’t say for sure

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An eTax report fills just one line in the Wertschriften- und Guthabenverzeichnis with the totals. It’s the same as previous non-electronic tax reports.

But it’s more interactive because of the data updates, and you can also move the positions individually in and out of DA-1 and RUS.

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Actually, when you get this PDF report, how do you use it? Do you just check a box somewhere that there is a report or do you still need to enter some number somewhere (after all it is needed to calculate your prepayment). or does after uploading, the software pulls out the numbers an inputs it for you?

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I would never trust a third party with this kind of data, sorry.

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Yes, I’d rather not have my financial details with third party with large online presence which has the potential to be hacked and give them read access to my life savings. I’d be interested if the provided some tool you could run on your own.

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I am quite annoyed that uploading a pdf or JSON file with the transactions is not possible.

From ibkr reports it would be easily created

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What are you trying to solve? I think you can always attach a summary pdf from IB, and keep one line in the wealth declaration (at least I know people who have been doing that for a while).

It will be more work for them (e.g. if they want to cross check with ictax, etc.), but I don’t think they’d reject it (at least haven’t heard of that happening).

(Though you’d be costing other taxpayers more money :stuck_out_tongue: due to the extra manual work)

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I heard horror stories from some people. Which canton accepted the single line?