Available Online: Your Consolidated Form 1099, Forms 1099R and 5498 for IRA accounts are available to view and print by accessing IBKR’s website, selecting Account Management or Client Portal from the Login menu and then clicking Reports > Tax > Tax Forms.

Can I summarize my 1099-B?

TaxAct® supports the entry of 2,000 Forms 1099-B for capital gain and loss transactions. If the total number of transactions you need to enter is greater than 2,000, it is possible to attach a Summary Totals statement to represent each brokerage statement you received.

How do I get my tax statement from Interactive Brokers?

To access and print your forms and reports, log in to Account Management or Client Portal and then click Reports > Tax > Tax Forms.

Does Interactive Brokers work with TurboTax?

Log in to IBKR Account Management Click Reports, Tax, Tax Forms. Does Interactive Brokers LLC support TurboTax? Yes. Note that TurboTax offers both an online offering and a desktop version (see link).

What is a Tax information Statement?

An information statement is a document that employers, banks, financial institutions, and other payers send to the IRS to report the income they have paid you. Examples of information statements commonly reported to the IRS include: Interest income on Form 1099-INT.

How do brokers report capital gains?

Investment Transactions –– Gains from sales and trades of stocks, bonds, or certain commodities are usually reported to you on Form 1099-B, Proceeds From Broker and Barter Exchange Transactions, or an equivalent statement.

Does Interactive Brokers deduct tax?

Unless specifically directed by a taxing authority, IBKR does not withhold taxes on proceeds from security sales. We are required by US tax law, for example, to withhold US taxes on dividends paid by US corporations to foreign persons at a rate of 30%.

Does Interactive Brokers report tax?

Where to access your Forms and Reports. To access and print your Forms and Reports, log in to Account Management or Client Portal with your IBKR username and password, and then click Reports > Tax > Tax Forms.