Interactive Brokers – annual tax trust distributions details

Thanks Sharkman. I have sent an inquiry ticket to IB a couple of days ago … still waiting for a response.

It looks like there are gaps in IB tax reporting for Australian customers i.e.,

a) No default annual fiscal tax reports for trust distributions showing taxable components to complete supplementary section items 13,18, 20 of the tax return.

b) The annual AU fiscal dividend report doesn’t show non AU dividends e.g. US stocks/etfs… these must be sourced from the annual calendar tax reports which are not produced till late January past the standard ATO cutoff of October. With some effort this an be extricated from the AU fiscal activity report but it shouldn’t be this hard.

All AU IB customers trading stocks must have faced these challenges and I guess have found some workaround.


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