Jump to content
  • 2

How to generate tax statement for 2020-2021


Sydneysider

Question

Hi all

 

I am new to IG markets having been here only 2-3 months. 

I am wondering how do I go about generating a tax statement for the 2020-2021 financial year. I have been trading in USD stocks and thought I would use the transaction summary for capital gains computation however all teh transactions are in USD and not AUD which makes it even harder to gauge FX rate at the time of transaciton. 

Doesn't IG have a tax summary similar to others like COmmsec & NABtrade?? 

 

 

  • Like 1
Link to comment

1 answer to this question

Recommended Posts

  • 0
18 hours ago, Sydneysider said:

Hi all

 

I am new to IG markets having been here only 2-3 months. 

I am wondering how do I go about generating a tax statement for the 2020-2021 financial year. I have been trading in USD stocks and thought I would use the transaction summary for capital gains computation however all teh transactions are in USD and not AUD which makes it even harder to gauge FX rate at the time of transaciton. 

Doesn't IG have a tax summary similar to others like COmmsec & NABtrade?? 

 

 

Hi @Sydneysider,
You will receive a end of financial year statement by the end of July if you received dividends in the previous financial year. Otherwise, you can use the different filters in My IG > Live accounts > History.

All the best - Arvin
 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      23,599
    • Total Posts
      96,961
    • Total Members
      44,170
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Jag
    Joined 03/12/23 16:16
  • Posts

    • Trade statistics of the 'Triangle 8th' system as of 12/03/2023 Gain: 102.00% Profit: 781.52 USD Funds: 1,400.18 USD Balance: 1,781.52 USD Beginning deposit: 1,000.00 USD Withdrawals: 0.00 USD Top-ups: 0.00 USD
    • Name of stock - Vox Royalty   Name of Stock Exchange - NASDAQ   Leverage or Share dealing - Leverage   Ticker - VOXR   Country of the stock - Usa   Market Cap - 100M
    • It is a best practice to buy dip and sell high but this strategy mostly doesn’t go as planned because you can’t predict the final bottom. Some traders BTD anticipating a potential pullback which mostly doesn’t happen and this force some into panic selling. DYOR is mostly advisable but some people fail to know which analysis they should focus more on. When deciding to hold a token for a long-term FA is very important and its cardinal point should be thoroughly scrutinized before making such a decision. These points include; Whitepaper, Road map, and Usecase. These points have a huge impact on deciding how long to hold a project and also booast your confidence in the project's bullish potential.  The first principle in this industry is “invest what you can afford to lose" though many neglect this principle as such when a project is going through a price correction they panic sell and sell at a huge lost. Most normal regret their decision later when they see the project back on track. Once you adhere to the first principle you hardly fall victim to panic sales. Note that it is mostly not advisable to hold meme tokens una less you are convinced because meme goes with the hype and finds it hard to retest its ATH once the hype is over.  Anyway what are your trading strategy and principles you adhere to most?
×
×
  • Create New...
us