dear forumers,
the tax season is approaching (I received today the letter from the canton remembering it ) and it is the first year for me reporting some investments, on top of the third pillar I have been reported already several times.
do you know how to report the investments (5 ETFs ) in degiro, one fund in credit Suisse, one fund in clear bank and fee funds in migros bank (do not ask me why alla this⊠letâs say extreme diversificationâŠ)?
what worries me the most is degiro, since I guess the others, being Swiss bank, should be providing you with the correct documents.
any clue of what degiro provides? till today I did not get anythingâŠ
You first have to find out the âValorenâ number of your ETF and funds. You should be able to find that number by entering the ISINs in IC Tax (https://www.ictax.admin.ch/extern/de.html#/search).
In the tax software, all you have to enter is the Valoren-number, the amount of shares held at the end of the year and on the date of purchase and the software should do the rest. Rinse and repeat for all your ETF and funds and youâre done.
Usually, the tax office doesnât ask for any statements. I was once asked to provide dividend statements when I bought more shares after the dividend date.
The third pillar account is not taxable, neither on income tax nor on wealth tax, so no need to put it in the tax return⊠If you mistakenly declared it thus far I would just remove it and add a note to the tax return saying that you removed the corresponding entry because itâs a 3rd pillar.
Contributions to the 3rd are a deduction yes but the 3rd pillar account itself is not subject to taxes and does not need to be declared as wealth as the first message would otherwise suggest.
It could also be that I did not understand the first message but given that the 3rd pillar is mentionned together with ETFs and other investments I guess that was the intended meaning.
Hi, I have the same type of questions. I have stocks and ETF in Swissquote and Degiro.
Since Swissquote does a report with a list of all held assets and the numbers of shares/parts of funds as at 31.12. that is not a problem.
In Degiro, there is a section report but it is empty. Maybe they are not ready yet, but we need some kind of statement from the broker, do we not?
Might not be ready yet. International brokers sometimes work on different schedule (e.g the final documents from IB for non-US investors are available in mid-March, since US funds often take time to report the final numbers).
yes. fully deducted for the last couple of years.
my question is about the investments in degiro. for these ones it is the first year I am approaching the tax declaration.
do you know when degiro is providing the yearly summary?
Degiro customer service answer: âFurther to your e-mail, we inform you that the annual report will be available during the first quarter of 2021â
You can have an extract of your open positions at date 31.12 by clicking âexportâ on the upper right of your portfolio page. It does not included dividends paid throughout the year though.
Thanks Polo.
And, how do you deal with dividends? I personally have 4 accumulating ETF and only 1 distributing ETF and Iâm truly thinking to gewt read of it. Too many problems with it
My question was more on the distributig one. How should I get this data from Degiro, since they are not present in the exportable csv file mentioned above?
You get all the numbers by plugging in your assets and their transactions into ICTax linked above, or into your cantonâs tax return application/tool.
The tax authorities donât necessarily look for all the broker reports, unless they wish to dig deeper.
I am short on a few ETFs, does anyone know how to go about declaring âshortâ positions (EDIT: just to clarify, I have sold the ETF i.e. my position is negative)? I need to understand it from both income tax perspective (i.e. I have dividend âexpensesâ) and also wealth tax perspective.
Have you been short on those on December 31st? If not it shouldnât matter as youâre not mandated to list positions that you donât own by the end of the year.
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