Tax declaration

[Dr.PI]

@PedroCZ

Should I then declare the IBKR positions in the “Wertschriftenverzeichnis”

Yes. Netto, without withholding taxes.

[Giff]

@San_Francisco

It’s not normal to purchase computers and exclusively use them for educational purposes as a single individual. Some cantons seem unwilling to recognise IT equipment/computers for deduction entirely.

I wonder if this changed now when many (me included) work from home at least part of the time. I had to buy a monitor (plus a desk and a chair, which of course I got almost for free second hand) specifically for work because my employer did give me one.

[dbu]

It did in some cantons during covid (not sure if work equipment deduction or rent proportion), others just said “keep it as-is”.

[Burningstone]

In canton GL you were able to deduct the SBB GA even if you worked 100% at home.

[cm0s]

Thank you so much for your contribution. It’s extremely helpful!

[mars]

That’s likely correct (didn’t check in details) if you use a swiss broker, otherwise there shouldn’t be the extra USA withholding.

Being Swiss resident and using IB for keeping VT: Can I reclaim the US tax on my dividends?
AFAIK, IB presents itself to me as UK broker (not US and not Swiss). Does the DA-1 form apply to me when I keep VT and other US stocks at IB?

[anonym]

@mars

Can I reclaim the US tax on my dividends?

Yes, you can, it’s the part “Pauschale Steueranrechung” from the image. In the 2022 ZH tax declaration, it’s called “Beantragte ausl. Quellensteuer (Anrechnung)”.

The only thing you can’t and also don’t have to reclaim is the “Steuerrückbehalt USA”, which applies only for CH Brokers, as @nabalzbhf wrote.

[mars]

Dear more-experienced-than-me-tax-payers,
I need help with filling up the tax form with stocks and ETFs for the first time.

I have got to the point where I declare US shares which I keep in IBKR:

1. Should I check “Reduktion wirtsch. Doppelbesteuerung”?
2. What is “Bruttoertrag” and what should I report there?
3. What is “Betrag pausch. Anrechnung” and what should I report there?
4. What is “Betrag Ruckbehalt USA” and what should I report there?

[San_Francisco]

We don’t know which canton you’re in.
My guesses would be…

1. ?
2. 100 x 0.43592 + 100 x 0.40858 (if you bought your 100 shares on after june 28?)
3. The amount of U.S withholding tax withheld, i.e 15% of 2.?
4. Nothing, since you’re not using a Swiss broker.

Shouldn’t it compute the gross dividends as Bruttoertrag in 2. automatically, if you entered your purchase transactions?

[mars]

Thanks! That helps a lot.

We don’t know which canton you’re in.

Zug

1. ?

I have no idea what “Reduction of economic double taxation” means. Any idea if I should check it or not?

[jay]

@mars

I have no idea what “Reduction of economic double taxation” means. Any idea if I should check it or not?

This is for qualified participation, i.e., if you hold at least 10% of the stock. You should not check it.

[TheRaven]

Hey all,

for " Kosten für die Verwaltung des beweglichen Privatvermögens" do you actually calculate the cost (0.3% * value of securities)?

I thought about just putting 6k since no proof is needed but that would prob be 5-6x of the actual value.

How are you doing that?

Thanks!

[Dr.PI]

Don’t have a place to tick to calculate this deduction automatically based on the value of your assets?

[TheRaven]

Doesn’t appear for me in ZRH at least.

Also I am declaring margin loans for the first time. Where are you guys putting them?

[nabalzbhf]

@TheRaven

thought about just putting 6k since no proof is needed

If you have more than 2M in equity, you can put 6k. Otherwise you need to justify it.

[TheRaven]

Thanks for the prompt replies.

Calculated it as such.

I still wonder if they would check it though.

Anyone that just put 6k?

[Burningstone]

@TheRaven

Also I am declaring margin loans for the first time. Where are you guys putting them?

It’s a liability, like a bank loan. You can deduct the interest from your taxable income as well

[nabalzbhf]

@TheRaven

Anyone that just put 6k?

While being above 0.3% and without justification?

If you don’t mind your return being more thoroughly checked, you can try. But why cheat?

Beyond the ethical side, I’d say it’s pretty much guaranteed they’ll follow up asking for the justifications. The rules are super clear, are you hoping of being lucky?

(And compared to other stuff if they “fix” it they might not just change it to 0.3% they probably will put 0 instead since it’s not a pauschal, so you’d be guaranteed some back and forth with them)

[TheRaven]

Put the actual value.

Your right about it probably not being worth getting your statement more thoroughly checked.

What was throwing me off is that for some other items such as job expenses there are “pauschal” values that are getting applied automatically and I was wondering if this might be similar.

On another note did all of you already receive the 2021 returns? Still waiting for them.

[nabalzbhf]

2021 or 2022? I’ve received 2022 final assessment early August.

Those things take longer if you’re taxed at source though.