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There is a limit of $10,000,000 I can input into investment proceeds and costs in Turbotax. I found someone online mentioning this workaround (I don't know if I should share links here so I am attaching the screenshot). The tax will be the same. Will IRS have problem with this method? Thanks.

No, I am a day trader and the securities were purchased and sold within last year.

I noticed that there was a section in my 1099 called "Noncovered Securities - Summary" where there was a Proceeds number but no costs (screenshot below). It appears that it's for some Box X in 8949 but when I checked my 8949, there was no such section. When I import the TXF into Turbotax I...

I am asking about taxes by the Singapore government, not the US. https://www.iras.gov.sg/irashome/Individuals/Locals/Learning-the-basics/Individuals-Required-to-Pay-Income-Tax/Taxes-on-Investments-in-Singapore states "Individuals who derive income from investments in property, shares, unit...

I am a full-time trader (in my personal accounts) trading stocks and futures listed on the exchanges in the US. Trading profits (price gains and dividends) are my main source of income. I trade frequently, with about thirty trades a day. My holding times are generally less than a month. Are my...

My Excel model produces a simple text file every day which contains only two rows Cryptocurrency 1, xx% Cryptocurrency 2, xx% I want to find a simple way to automatically reallocate these two tickers to the percentage numbers at the end of every day. Does such program already exist? Do I have...

I figured it out just now in Excel and came to post the finding. Then I read through the new replies and realize that you posted the solution. Thank you for your help. Your answer was the best and most relevant.

To answer my own question, also for those who are interested. Actually I just need to increase the '2's in the formula to increase the strength. Thanks for everyone who has replied.

The link you provided is for calculating the standard EMA, which is the same as the first formula in my original post. I am looking for an EMA that is even more "exponential", i.e even higher weight to the recent values.

I have been calculating exponential moving averages in Excel using a formula I found on the Internet EMA=(2/(N+1))*Spot+(1-(2/(N+1)))*Previous EMA), copied and pasted down the column. Can anyone provide a formula to calculate an EMA in Excel that's more "exponential", i.e. even heavier...

This is not correct. I just got off the phone with IB representative and they said taxes were withheld by IB, not the ETF administrator.

Which IB report showed that they actually withheld 5% instead of 30%? Did you verify the number with IB? Or did you just guess that IB complied with the ETF prospectus?

How did you know that you actually paid total 5% tax on dividends on IB? nkass above said that IB charged him 30% on interest dividend, which was in line with my observation. My 1042-S report from IB shows 30% withheld even though I had submitted W-8BEN.

Sorry, this is not what I was asking. I wanted to know where you found out how much exactly IB had withheld for a ticker. I need to verify whether IB actually withheld less than 30% for some tickers. Thank you.

I have already filled out W-8BEN. May I know where you can find these detailed percentages withheld for individual tickers? Is it some report on Account Management? Thank you very much.

Have you figured it out with IB? It seemed to me that IB withheld full 30% on these ETFs.

Great! Thanks.

The question is for non-US citizens/residents trading US stocks.

Is there a contribution limit to the account? If not, I assume most Swedish people would put all their investment money into such accounts, right? In the US, people can put very little money into a tax advantage account if income is higher than a threshold.

Does ISK allow using margins and trading futures? In the US, tax free accounts do not allow leverage or derivatives. Thanks.