Tax Reporting
Tax Management Tools and Tax Reporting
Interactive Brokers provides a variety of useful tools and information for your tax reporting needs.
The IBKR Advantage
- Use Tax Optimizer to manage your stock, option, bond and warrant gains and losses for tax purposes.
- Our Forex Income Worksheet lets you view income and loss from your completed currency transactions.
- Easy access to tax forms
- Free tax education resources, including Webinars and Traders’ Academy courses
- Charitable giving directly from your IBKR account
- Important Tax Reporting Information
USER GUIDES
Tax Planner
Tax-efficient investing helps ensure you retain more of your gains by minimizing unnecessary tax liabilities. The Tax Planner helps you estimate taxes related to your brokerage account activity, allowing you to proactively manage your tax exposure, avoid surprise tax bills and keep more of your money working for you.
Tax Optimizer
Manage your stock, option, bond and warrant gains and losses for tax purposes with Tax Optimizer:
- Select one of several tax lot-matching methods to change the default tax lot-matching method for your account, for the current day or for a specific symbol.
- Change the lot-matching method on the fly to immediately see the effect on your gains and losses.
- Manually match specific sales to open tax lots.
- Access Tax Optimizer from Trader Workstation (TWS), IBKR Mobile and Client Portal.
Learn More About the Tax Optimizer
Tax Loss Harvesting
The IBKR Tax Loss Harvest tool helps investors manage their tax liability by identifying opportunities to offset capital gains with losses. It works at the lot level, applies wash-sale rules, and even suggests replacement securities, giving clients more control and flexibility in managing portfolios.
Learn About Tax Loss Harvesting
Optimize Every Exit
The Close Specific Lots tool makes it easy to select exactly which shares to sell from your long- and short-term holdings. With just a few clicks, you can manage tax outcomes, follow your strategy, and stay in control of every trade.
Access to Important Tax Information and Reporting
Our Tax Reporting web pages include a wealth of important tax-related information, including:
- A list of all tax forms and reports for the current tax year, with links to the actual PDF forms.
- Information for US, Canadian and other non-US persons and entities.
- Tax reporting for US Wash Sales
- Frequently Asked Questions
Learn More About Tax Info and Reporting
Foreign Exchange Income Worksheet
Review your foreign exchange income and loss on our Forex Income Worksheet:
- View income and loss information from your completed currency transactions for the year
- Includes foreign exchange spot trades in securities denominated in a nonfunctional currency
- Includes detailed info about the acquisition and disposition of each nonfunctional currency transaction closed in the preceding year
Learn More About the Forex Income Worksheet
Free Educational Resources
IBKR Campus provides several free resources to help you understand and prepare your tax reporting.
- Participate in upcoming tax webinars or view our library of more than a dozen tax-related webinars.
- Traders’ Academy offers free courses on taxes concerning dividends, capital gains and losses, net investment income tax, tax treatment of retirement accounts, as well as tax-related topics for those who reside outside of the US.
Learn More about the IBKR Campus
USER GUIDES
Easy access to Tax Forms
Log in to Portal to access important annual tax forms:
- PDF, HTML and MS Excel formats available
- View and download tax forms, including Form 1099, Gain/Loss for 1256 contracts and more from a reporting dashboard
- Current year and five previous years of info available
- Clients with multiple account structures can access tax forms for closed accounts
Charitable Giving
Clients of IBLLC can donate directly to qualified charities directly from their brokerage and retirement accounts.
- For brokerage accounts, clients can transfer securities from their account to a qualified 501(c)(3) charity so long as the security is a stock, warrant or bond. The security must be eligible for transfer via DTC and the receiving charity must be able to accept DTC transfers.
- For IRA accounts, distributions can be made directly to a qualified charity and the max donation is limited to the lesser of your required minimum distribution or USD 100,000.
- IBKR GIVE lets US clients align their IMPACT values with non-profit organizations and make cash donations directly from the app. Using a comprehensive directory of US charities and non-profit organizations from GuideStar by Candid, GIVE lets clients easily donate to a charity matching their values or search for a non-profit of their choice.
Interactive Brokers does not provide tax advice, does not make representations regarding the specific tax consequences of any investments, and cannot assist clients with tax filings. Investors should consult their tax professional about the tax implications of any investment.