Hi guys
Maybe already discussed, but didnt find the info I was looking for.
I held quite some USD last year on IB, which payed like 4%+ interest. If I remember correctly, interest is taxed like dividends and needs to be reported (as dividends?) to the tax authorities in Switzerland, no?
Never had interest, therefore the question.
Best,
Reto
Yes, this is taxed as income and should be reported.
edit: and they’re interests, not dividends.
Ok. In the IB report, it is written “Interest Accrued” + Accrual Reversal and then ending accrual Balance. Which of these is now relevant for the tax declaration?
Interest that was paid. None of those.
Found it. Thanks.
From what I see, the interest that I received in USD was not taxed in the US (no withholding tax). Is that correct?
Interest payments don’t have US withholding.
What I do is following
