Initial Application & Data Collection. If you are a US citizen, you also receive a Consolidated 1099 from Interactive Brokers (IBKR). The CFTC must explicitly approve any non-US … All non-US persons and entities are required to complete an IRS Form W-8 to certify your country of tax residence and to establish whether you qualify for a reduced rate of withholding when opening an account. The amount of Canadian tax withheld is also included in Foreign Tax withheld on Form 1099.
I am a non-US citizen, have a SSN, not living in the US anymore.
The Consolidated 1099 will report US and foreign source income, sales proceeds and cost basis information for securities received in your IBKR account. Interactive Brokers Group (IBG LLC) equity capital exceeds $7.9 billion, over $6.0 billion in excess of regulatory requirements. Which account should I open with Interactive Brokers? If I open a US account with my SSN, does that mean that I will be taxed in the US? With so many different types of online stock brokers available to investors, it can be tough to choose one that works best for you. ... Tax information for non-US persons and entities; ... Interactive Brokers Canada Inc. is an execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. What You Need – Documents (Individual, Joint and IRA Applicants in the US) In addition to the information that you will need to complete the application, you will be asked to provide additional documents. The information may not be suitable for all persons; it should not be relied upon in connection with a particular investor's trading; and, is not intended to be, nor should be construed as, an offer, recommendation or solicitation. US Residents. Mutual Funds - Non-US Residents. Interactive Brokers generally verifies the names and addresses of its US-resident applicants electronically. 1 18.5% of IBG LLC is owned by the publicly traded company, Interactive Brokers Group, Inc. and the remaining 81.5% is owned by our employees and affiliates. Tax information and reporting for Interactive Brokers customers. Products Available to US Resident Customers.
I plan on buying Ireland domiciled ETFs to avoid the massive taxation in the US, but I am not sure how the account type would complicate things.