Keep in mind that dividends of accumulating funds are not included in the IBKR reports. That’s never an issue for US-domiciled funds, though.
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hmmm… i need to request that - care to tell me the name?
Hello everyone, I have a question about filing the tax return in Zurich using ZH privateTax online portal.
I notice that if I choose to declare each position separately, it is possible and it seems also expected because it that case dividends are automatically calculated and Tax office does not need to find the info themselves by going through large reports.
However, the challenge is that if I have 5 positions, I need to attach proofs (supplemental documents) for each position. It seems this is something new because until last year we were supposed to attach proof at DA-1 segment level and not for each security. What exactly is expected here?
I am trying to use the Activity report from IBKR and the report includes everything together. There is no reporting in IBKR for separate position. Am i supposed to attach same report as proof for every position? Or does IB provide a report for each security detailing Opening position, Ending position and the trades during the year?
If someone has filed in 2023 tax return, then please advise.
In most online tax return software, It’s possible to attach documents at a lot of places, but I think some are mandatory and some are optional. When it’s mandatory, like the salary certificate, you get errors. When it’s optional, you don’t. Tax offices also usually give explanations on what they require.
But the tax office can always ask for additional documents later if it needs them.
I heard that for R-US (additional withholding tax, for Swiss brokers) individual statements are required, but for DA-1 I don’t know.
I don’t know if it’s still true online, but when it was on paper they preferred to receive only what’s necessary to avoid overloading their storage facilities.
I see the issue as well. I’ve opened a support ticket and will comment again if/when I get a response. If they don’t offer a better way, I’ll simply upload the same full activity statement for each position 
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Yes on DA-1 section every security has a mandatory upload of receipts
Thanks. Let us know what they say.
On one hand it is useful that we can attach supporting documents by position. Because sometimes you might have same ETF at two brokers.
But if this is mandatory, then it can cause too many duplicates. Most likely this works fine for Swiss brokers because people can order eTax statements (for fee)
Have you guys received the dividend report 2023 from IBKR yet?
On their website they say it should be available on February 15 but I still haven’t got it.
No, I haven’t. I am also wondering by when it will be available.
You could also build your custom report and select all information related to dividends and withholding tax for 2023.
I thought it might be better to wait for the Dividend Report which I used for my DA-1 refunds the last few years.
Has anyone here received the DA-1 refund with just the Activity Statement?
As long there is the détailled of withholding tax by dividend it should be fine.
I believe it is also in your annual statement as well.
I have never used it for the tax declaration. It is in USD anyway, and exchange rates are different on different dates.
Yes, last 4 years …
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I’ve never used it either for the tax declaration, however, it does provide numbers in both USD and CHF for me (CHF is my account base currency), and it seems to be correctly using the exchange rates at the dividend dates.
I also don’t see the dividend report for 2023 yet in my account, and I’ve already filed my taxes with the reduced activity statement (attached multiple times due to a new ZHprivateTax DA-1 issue).
The official standard US forms (don’t know their numbers) that IB provides have only values in USD. You probably mean Activity or custom reports internal to IB. I also use them to calculate CHF value of how much dividend I have received and how much withholding tax was deducted.
IB provides 4 documents in the section “Tax Forms”
- Form 1042S: That’s the US IRS form, USD-only
- FX Income Worksheet
- Common Reporting Standard Report: That’s the UK report, GBP-only
- Dividend Report: That’s country-neutral and also includes numbers in the account base currency
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I see. I keep my base currency as USD and only switch to CHF for few days to generate custom reports for the tax declaration.
Using activity report has the risk of being incorrect (eg iirc it does not include withholding refunds).
This is particularly relevant if you have bond investments (eg BND will see refund large part of the withheld taxes, but IB needs to wait to get the data from vanguard before doing it).
IB being late might just be because the data from some providers is missing and processing isn’t done, did you file a ticket.
I have. I have never used anything other than the activity statement for my taxes (Zurich)
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