The performance report is a Economic evaluation of your trading activities at CapTrader for a specific calendar year.
It bundles profits and losses from different product types into one clear annual summary in euros.
Important points:
- The calculation is Roughly to tax regulations (especially in Germany and Austria) leaned on, without reproducing them 1:1.
- The report is designed to help you better understand and document your own figures - e.g. for your records or in preparation for a meeting with your tax advisor.
- He is no official tax document, No tax assessment notice and No tax advice.
What information does the report contain?
The performance report distinguishes between several Main categories. Three values are shown for each category:
- Realized gains
- Realized losses
- Balance (profits minus losses)
Jurisdictions & calculation methods
The calculation logic depends on your tax allocation („jurisdiction"):
- Germany (DE):
- Realized gains and losses are generally recognized in accordance with the FIFO method (First In - First Out) determined.
- For Short options (short options) there is a separate category „Premium", as, from a German perspective, a realized profit/loss can arise as soon as the short position is opened.
- Austria (AT):
- Gains and losses are recognized in accordance with the Average method (Avg method) calculated.
- All options fall under the category „OPT"; a separate premium category does not exist here.
- International customers (all other jurisdictions):
- Two variants are usually provided:
- a report with FIFO method,
- a report with Average method (Avg).
- This allows the customer to choose the variant that best suits their personal situation or legal environment.
- Two variants are usually provided:
Differentiation from the account statement / IB statement (short version)
The classic account statement from Interactive Brokers:
- is based on the US system and calculates profits/losses in the Trading currency of the security (e.g. USD), the presentation is then indicative in EUR.
- ist das official document from IB for account movements.
The performance report:
- calculates profits/losses generally in EUR, by setting both buying and selling prices with the respective FX closing price of the trading day be evaluated,
- is as Additional, informative evaluation designed, the content of which based on the structure of typical tax categories,
- can therefore be clear differ from the account statement - especially in the case of foreign currencies and options.
Detailed explanations of the differences can be found on the subpage
„Differences to the account statement / IB statement".
How are the figures generated technically?
The figures in the performance report are:
- from the FlexQueries from Interactive Brokers (detailed data on your trades and account movements),
- on the basis of a firmly defined logic are grouped into certain categories (e.g. shares, ETFs, CFDs, dividends, withholding tax),
- then converted into euros and aggregated per category.
Basic principle of profit/loss calculation for securities:
- Sales proceeds valued in euros
minus Acquisition costs measured in euros
minus if applicable Transaction costs/commissions
= realized gain/loss in EUR.
The details of the categorization (e.g. which IB „AssetClass" or „TransactionType" leads to which category) can be found on the subpage
„Structure & categories in detail" described.
Legal information
- CapTrader/Interactive Brokers does not pay any German or Austrian withholding tax for you (with the exception of certain withholding taxes abroad).
- Customers are generally obliged to disclose their tax situation to clarify independently and if necessary a Tax return to hand in.
- The performance report:
- is a Informative, economic evaluation,
- The calculation is based on Roughly in line with the relevant tax regulations,
- replaces No tax or legal advice,
- and unfolds No legally binding effect vis-à-vis tax authorities.
CapTrader may No individual tax information issue.
If you wish to use the report as part of your tax documentation, you should check the contents with your own tax consultant discuss.
If a tax office has questions about the calculation and you decide to submit the performance report as proof, CapTrader can - as far as possible - provide the Explain the derivation of the figures to the authority, but without adopting the tax assessment.