Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 03.03.2020, 00:25
Newbie
 
Join Date: Feb 2018
Location: ZH
Posts: 5
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
eurozuricher has no particular reputation at present
Questions about tax declaration: stocks and cryptos

I'm doing my Swiss Tax Declaration using the Private Tax application and have a few questions:

1. Do I need to declare stocks / cryptos sold before the year end?
2. My broker has a Stock Yield Enhancement Program where they paid me interest on my stocks lent to their clients for short-selling purposes. How do I declare this income?
3. Are purchase dates required to be input for all stocks / cryptos?
4. Where do I declare the free cryptos received (e.g. KICK, NeoGas)?
5. What happens if I make a mistake in terms of putting income (e.g. from 2. and 4.) in a wrong place on the tax form? Full taxable income would be declared in any case.
Reply With Quote
  #2  
Old 03.03.2020, 09:50
Forum Veteran
 
Join Date: Dec 2012
Location: Aargau
Posts: 2,490
Groaned at 11 Times in 10 Posts
Thanked 3,386 Times in 1,518 Posts
Mullhollander has a reputation beyond reputeMullhollander has a reputation beyond reputeMullhollander has a reputation beyond reputeMullhollander has a reputation beyond reputeMullhollander has a reputation beyond reputeMullhollander has a reputation beyond repute
Re: Questions about tax declaration: stocks and cryptos

Opinions:

1. Yes
2. Consider classifying on WV as: Vergütungs-/ Ausgleichszins
3. Yes, but it might also be possible to attach a Depotkonto listing to save work
4. It would seem that the "free crypto" could be dividends with a value and should be classified as such. However, if they are similar to a stock dividends, where more stock is simply issued on the same capital, then possibly under WV Krypto. More information would be needed and additional research should then be done.
5. A difference between category 2 and 4 income on STE is that 2 self-employed income is subject to AHV while 4 income from securities is not.
Reply With Quote
  #3  
Old 03.03.2020, 23:29
Newbie
 
Join Date: Feb 2018
Location: ZH
Posts: 5
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
eurozuricher has no particular reputation at present
Re: Questions about tax declaration: stocks and cryptos

Quote:
View Post
Opinions:

1. Yes
2. Consider classifying on WV as: Vergütungs-/ Ausgleichszins
3. Yes, but it might also be possible to attach a Depotkonto listing to save work
4. It would seem that the "free crypto" could be dividends with a value and should be classified as such. However, if they are similar to a stock dividends, where more stock is simply issued on the same capital, then possibly under WV Krypto. More information would be needed and additional research should then be done.
5. A difference between category 2 and 4 income on STE is that 2 self-employed income is subject to AHV while 4 income from securities is not.
Thanks Mullhollander, I'd like to follow up on a few things:

2. After I select Vergütungs-/ Ausgleichszins on WV the field for Ertrag mit Verrechnungsteuer is grayed out. Are you sure that I do not need to pay tax on this income? Here is more information on the Stock Yield Enhancement Program:

https://ibkr.info/article/1839

This is definitely not self-employed income. All I had to do was allowing them to borrow my stocks in the account settings. There was no other action from my side. They pay interest monthly.

4. NeoGas is indeed similar to stock dividends. Should I declare its value as Ertrag mit Verrechnungssteuer?

On the other hand, KICK was granted to me for free without myself knowing about it. Here is the story:

https://medium.com/@kickecosystem/88...g-2937a1abf641

What would be the best way to declare it?

6. Private Tax application is showing exclamation mark next to the DA-1 entries. I have declared some US stocks but they have not paid any dividends last year. Can I just ignore it?
Reply With Quote
Reply

Tags
crypto, crypto assets, cryptocurrency, stocks, tax




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Guidance to the tax declaration 2018 - questions Oti Finance/banking/taxation 27 06.05.2020 09:26
Wealth tax declaration - Permit B -> Full Declaration Enohzee Finance/banking/taxation 26 27.09.2019 11:54
Tax Declaration - Stocks onemorehere Finance/banking/taxation 1 20.04.2018 21:54
State Schools in Geneva Questions Questions Questions! NEED advice! Aoi Family matters/health 3 24.06.2012 02:49
couple of small Zurich tax declaration questions TapiroLee Finance/banking/taxation 2 11.09.2011 22:19


All times are GMT +2. The time now is 09:56.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0