Author Topic: Overseas investor with Interactive Broker - Tax time question  (Read 919 times)


  • Bristles
  • ***
  • Posts: 264
  • Location: Australia
Overseas investor with Interactive Broker - Tax time question
« on: August 13, 2018, 09:14:50 PM »
Hi Everyone,

Finalizing my tax return, here in Australia. I'm investing directly US shares through with Interactive Brokers.
I want to make 100% sure I have got this right.
[NB: when I asked an accountant targeting me as a potential client, I was just convinced to be doing these on my own]

When looking at the excellent report from IB, I can see two income generated on each Index fund I own:
- Ordinary dividend
- Qualified dividend

I understand the difference between the two but I was confused by the fact that I had two reports available:
- One called "dividend details" which gives the total dividend earned and the withdraw tax
- One called "dividend revenue summary" which gives only the details of the ordinary dividend earned

Am I right in assuming that being an overseas investor, I just need to take the dividend details (Ordinary + qualified dividends + corresponding tax withdrawing)?

Once done, I'm preparing an article to help my fellow investors to declare while overseas with screenshots...