Good lord.
Guys, get a room or something. Like numbers? It means totally nothing.
IB realized PnL forex - on Tbill for non usd countries
- Thread starter luisHK
- Start date
Good lord.
Guys, get a room or something. Like numbers? It means totally nothing.
looks like u re not only a scammer but dumb as a brick. 1 issue in the OP is how people put this in their tax declaration if at all, another issue if they are accounted for, like my lawyer thinks, is how do u deal with other accounts in non base currency which would incur similar forex PnL if they could come up with Eur statements, which they don't.
wether loss hurt or not is irrelevant ( incidentally I tend to think in USD, and these losses translate to gains if USD is set to base currency, u don t seem to understand what they represent, basically the part of the account denominated in non EUR currencies seing its value going down in Eur when.Eur goes up, while there is no forex transaction involved)
Don t mind if I put u on ignore after ur next post, I don t particularly mind trolls but u keep on taking this thread off topic.
Sounds too complicated. My ADHD is kicking in, and I am obsessed with @Overnight YouTube video above. Later...
PS. Imagine the charities that could have benefited from your 168,000 EUROS in Losses...
WOW, this is really good stuff. Me like it!!!
Imagine the charities that could benefit with the profit that'd show up if I change the base currency back to USD in my IB account management??
Maybe establish a "GoFundMe" page about your main question here:
" I'm a bit confused on how it works taxwise, why when I buy TBills with USD I already hold in cash, than receive the cash back and keep the funds in USD, often to buy new TBills, it shows at realized EUR loss."
"Any idea whether those will be considered realized losses by tax departments or not accounted for."
Nah, charities will receive nothing (who is the dumb one now???). Just watch @Overnight Video above...
Last edited:
SUPER CONFUSED LUIS...
168,000 EUROS in LOSSES...
Crickets, LUIS...
PS. Can't wait for your next post asking for HELP!!!
168,000 EUROS in LOSSES...
Crickets, LUIS...
PS. Can't wait for your next post asking for HELP!!!
Last edited:
LUIS???
Old thread... didn´t touch TBills last year as the near 0 interests rates didn´t appear worth the tax consequences on Tbill, but with the USD and US interest rates going up, my IB account is showing already large euro forex realized profit this year (mostly on a TBill and UG government bond I´ve bough recently, that haven t reached maturity, I´m a bit at loss on how it s been calculated) while I´m long several markets and mtm it is a bad year.
Not sure anyone reading this thread understood what was going on, on most bank/simpler than IB brokerage statements, which one also declare to the taxman, this calculation doesn´t show up.
Accounting firm decided to include this realized forex into my tax returns under cap gains/losses, not too bothered for this year as I can compensate the gains with losses on other products but it feels weird, especially that with how the markets behaved the last 3 years, that has created realized losses while mtm I was doing good, and gains while mtm my account has gone down,
Again that thread has attracted trolls, but lots of posters here should be concerned by the topic (basically those who invest in currencies different than the currency under which the file their tax returns).
Paradoxal as well to get large tax implication on low risk low return products, like Tbills, while the rest of my account is mostly long term investments.
Not sure anyone reading this thread understood what was going on, on most bank/simpler than IB brokerage statements, which one also declare to the taxman, this calculation doesn´t show up.
Accounting firm decided to include this realized forex into my tax returns under cap gains/losses, not too bothered for this year as I can compensate the gains with losses on other products but it feels weird, especially that with how the markets behaved the last 3 years, that has created realized losses while mtm I was doing good, and gains while mtm my account has gone down,
Again that thread has attracted trolls, but lots of posters here should be concerned by the topic (basically those who invest in currencies different than the currency under which the file their tax returns).
Paradoxal as well to get large tax implication on low risk low return products, like Tbills, while the rest of my account is mostly long term investments.
Last edited: