Way of reporting interest paid/received from broker account (or a bank)

Taxes
1

What is the correct way to report interest paid and received if the overall result is negative?

  1. Separate entry in ‘Schulden und Schuldzinsen’ and ’ Wertschriftenverzeichnis’
    OR
  2. One entry, negative balance in ‘Schulden und Schuldzinsen’?
2

This would be the correct way, but you anyway need to attach the statements so would also suffice to use option 2 (assuming the two entries are for the same account).

1 Like
3

Yes, same account. Thank you Burningstone. I prefer option 2. I like the word ‘suffice’ in correlation to taxes. Less is more.