[Sebastian]

Thank you very much Jérôme for the clarity of your answers, it also helps me to progress on this vast subject (your book also helped me but I notice that I will have to reread certain passages several times ;-)).

Have a nice day

[Sebastian]

Hello everyone, and hello Jerome,

When filing my 2022 tax return, I calculated on the ICTax website the gross return before anticipated tax of an S&P500 ETF that I have had for a long time.

And surprise, I see that on 100 CHF of ETF the dividends on 2022 represent 1.4% gross. Is it normal that the dividends received on an ETF SP500 support are close to 1% or did I make a mistake?

Note that the dividends calculated from IB (annual statement) on my other portfolio based on rather individual shares by following your determining PF Jérôme, I arrive rather at a gross yield of 3 to 3.5%.

Not being used to and not knowing the orders of magnitude of annual dividend yields, I am interested in your opinions 🙂

Also in a passive income strategy which consists of collecting only dividends, it seems low to me given that they are taxed at the marginal tax rate.

Thank you for your feedback.

Good day

Sebastian

[Sebastian]

Hi Jerome, thanks for your feedback. I'm going to put in any case a single line for the 2022 declaration on DA-1, we'll see if it goes through too! because I don't see myself detailing the action lines because there are now a lot (too many) 🙂

in any case, the tax authorities can check with the IB PDF that the tedious or quick method (1 line in DA-1) amounts to the same thing... especially since as you say IB is a foreign broker, and that's what I misunderstood last year... to be continued!

[Sebastian]

Hello Jerome and hello everyone,

Thank you for your various messages/advice.

I am just starting my 2022 tax return and I read that you declared in one line in annex DA-1, the IB account number with the value of the net assets + the total dividends + the total withholding tax…

I admit that it's super simple because it's done in one line on DA-1 🙂 I like it!

but, in my portfolio and probably also yours, if you have US, foreign (non-US) and Swiss securities, they do not have the same withholding tax (% of tax withheld) on the IB account statement and if we wanted to "do it right" we would logically have to declare the Swiss securities in Appendix 1 "Statement of securities", the foreign securities outside in Appendix 8 "DA-1" and the US securities in Appendix 7 "R-US 164". Then declare the % of withholding tax for each security and that would recalculate the non-recoverable foreign tax (yellow box) automatically?

(in fact I did it like this in my 2021 declaration…)

But since in the end it seems to come to the same thing, I just have to "adjust" in my tax calculator (NE), the % of the non-recoverable foreign tax so that it displays in the yellow box on the right the amount of non-recoverable foreign tax = that reported in the IB statement for the year...

Does it seem coherent to you to do it like this?

I will also keep you informed if on my side (NE) the tax authorities bring things back to me or not on this method of declaring "synthetic" securities thanks to the super IB statement vs. how I had declared in 2021...

[Author]

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