According to the quoted price, and the price is quoted in EUR.
Thanks for confirming that is also my conclusion.
Doesnât this USD/CHF and EUR/CHF exchange rate really hamper the gains for us swiss people in CHF terms? Both USD and EUR have been historically getting weaker and weaker against CHF.
This just means long term everyone gets the same gain in real term. Just ignore the currency impact for equity investment.
Hedging costs the delta of interest rate between currencies, and that (long term) aligns with how currency appreciate/depreciate against each other (if it didnât there would be arbitrage opportinuties).
Short term there can be more fluctuation, but then itâs market timing.
Sorry if it was asked before, is there a way to set an anutomatic DCA in IBKR?
Simple answer: it is not really allowed.
Complex answer: in Traders Workstation you can create orders that become active at a preset time. If you are brave, you can create market buy orders that will be executed once they are released.
Newbie question. My apologies if this is answered somewhere else (if possible, please point me there)
As itâs now tax declaration time, where in IB can I get/generate an end of 2021 valuation and dividend PDF to put in my tax declaration?
I have been searching and clicking around in Reports and so far unsuccessful.
I assume I am being stupid in not finding how to get the PDFs as everyone would want these at the end of the year.
Thanks
Thereâs a tax statement section with dividend report.
Thanks. But I see no end of year statement that I can use (FX Income Worksheet is not useful) and the dividend report is only HTML.
This is what I see:
Just print html to pdf, whatâs the issue?
What I do. If you have accumulating funds though (not really a thing in the US), keep in mind that their income is taxable but not distributed - so wonât show up as dividends in the report.
The yearly âActivity Statementâ or âUmsatzĂŒbersichtâ should contain every information you need for the tax declaration.
This year for the first time I owned UK accumulating funds so asked IBKR about this 3 weeks ago, but did not receive a reply (typical IBKR)
In my former UK broker I received a report showing accumulated dividends from funds not paid. As I am with IBKR UK I assume IBKR may provide it after 5 April (end of UK tax year). It should be a standard process for all their UK clients
Unless he has very uncommon ETFs, the Swiss tax software handles that automatically.
To clarify, Iâm not listing the individual stock positions in the tax software. Iâm only listing the sums from the IBKR statement - so thereâs no entry that the tax software could handle automagically.
In SZ you type in all buy orders with timestamp and the tax software automatically knows all the distributed dividends doesnât matter if itâs distributing or accumulating. With this way I donât have to send them any handmade report or anything like that. Thatâs what @Double_A was referring to but I donât know if itâs the same in other cantons.
The software pulls the dividend date and amount from the ICTax software.
I can do the very same in my canton (not SZ) - in fact I do, for every other securities accounts I have.
Since Iâm holding many individual stocks in my IBKR account though, I enter literally just one line in my tax declaration: Type: âSecurities accountâ, enter my brokerâs name and IBKR account number, tax value and income received. Iâll enclose the IBKR report PDF (no âhandmadeâ report at all, itâs just report I pre-configured once), and thatâs that.
Because I have just one item, one line on my tax declaration for my entire IBKR account, rather than copying the two or three dozen individual stock positions Iâm holding and transactions Iâve made, the software obviously doesnât pull any data from ICtax for that account.
To visualise:
One line for the whole account - thatâs all Iâve entered into the tax software.
Just realized a strange behaviour (at least it seems to me!):
The other day I wanted to exchange all of my EUR to CHF. Somethow it didnât work and EUR 0.28 remained on the âEUR positionâ.
Today I transfered CHF from my bank account to IKBR. And strange enough, the EUR 0.28 are gone, i.e. the the âEUR positionâ doesnât show up in my Cash Report anymore. But I realized that the EUR 0.28 have been exchanged to CHF at the same time as my CHF transfer arrived on IKBR. I did not make any order or something like this!! (Well, OK, Iâm fine with that since I didnât want to have any EUR anymore, but still strange!)
Thank you for this helpful information! I was actually quite suprised too! But as you say, for me this is also a welcome policy, I donât mind getting rid of these small amounts.
What was the conversion rate applied to this currency change?
The regular one that you also get when you make the conversation by yourself, as far as I can see.