Does anyone manage money thru IB?

Quote from 88888888:


I used to. It was applied to gross equity, including interest rates, which was in conflict with my Disc Doc, so I switched into electronic invoicing.


Would you mind to explain how that could CONFLICT with your DD?
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I don't charge incentive fee on interest.
 

I don't charge incentive fee on interest.


Them why not change DD to charge incentive fee on interest and after that go back to use IB automatic billing?
 
Quote from ChrisM:

I used to. It was applied to gross equity, including interest rates, which was in conflict with my Disc Doc, so I switched into electronic invoicing. Otherwise it worked well. That was 3 years ago - things may have changed by now.
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When you used "automatic payment", did IB deduct the fee from your clients capital gain and add the fee as your trading profit in your account in the 1099 tax statement?

Is the management fee taxed as capital gain or revenue for your corporation?
 
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