I just added the report and reported the dividend amount for the distributing fund only. The accumulating ones are mutual funds, but I don’t see why that should make a difference tax wise. One of them is the Fundsmith Equity Fund.
Don’t you need to declare „deemed income“ from accumulating funds ?
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They haven’t complained in the last 3 years,maybe the amount was too small for them to bother.
It could be possible.
You do. Everything else is essentially tax evasion.
Probably the tax person just did not really check, and just assumed the reported dividends is for all the funds + the correct amount.
I have joined PF as well and I have exact questions as of this post. @Kumeditkush did you manage to find out the details and if you could provide the insights. It seems I need to close my IBKR account and move all my assets to PF or Yuh. TIA.
Got an exception for IBKR. You can PM me for more information. @Bharadwaj