As a result of U.S. Internal Revenue Regulations taking effect 1 January 2023, new withholding charges will be applied to sales proceeds from certain Publicly Traded Partnerships ("PTPs”) held by investors who are not U.S. taxpayers. The IRS withholding charges are substantial, therefore, Interactive Brokers has taken steps to limit access to these products for investors who might be unaware of the risks of investing in these PTP products.
Instructions on How to Access PTP Products are available below in this document.
What you need to know:
Amount of Withholding: 10% of sale or distribution proceeds. This means 10% of the amount of funds that would settle resulting from any transaction or distribution, not just 10% on any calculated profit.
Example of PTP withholding:
Buy 200 shares @ 50.
Transaction value = $10,000
Sell 200 shares @ 51.
Transaction value = $10,200
Profit = $200.
Withholding = $1020 USD
Assuming no tax reclaim requests, the loss in value to the investor would be $820
Affected Instruments: Please see the list at the end of this article. The list is maintained on a best efforts basis and there may be some timing issues as information is refreshed. Listed deliverable securities are in scope of the new regulation. Options and other derivative instruments with a PTP as the underlying security are not subject to withholding. However, if the option or derivative is converted into a PTP interest, a subsequent sale of such PTP security would be subject to withholding.
Special Exemptions: The IRS regulation provides issuers the ability to get an exemption from the PTP withholding requirement. The exemption is valid for 92 days, and issuers are required to re-certify with the IRS to extend the duration of the exemption. IBKR will try, on a best-efforts basis, to publish which of the affected instruments have an operating exemption, but investor’s should ensure they are choosing products whose withholding conditions they fully understand. The issuer document that provides for a withholding exemption is generally referred to as a "Qualified Notice"
What Investors are affected: All investors who are not considered ‘resident’ for U.S. tax purposes, i.e. investors who are not subject to U.S. taxation and tax reporting (and therefore doesn't file a W-9 IRS tax form).
Reporting: Withholding will be reported on the year-end Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding.
How to Access PTP Products as a Non-US Taxpayer: Please login to Client Portal and create a web ticket through the Message Center. The summary of the message should read "Access to PTP Products" and the body of the message should have a request to enable trading for PTP symbols.
Additional Resources: For those interested in understanding additional information about the new regulation, please see the IRS website for IRC Sec. 1446(f): http://www.irs.gov/individuals/international-taxpayers/partnership-withholding
PTP Instruments
This list identifies PTP securities which may be subject to withholding under the IRS Regulation referenced above. The products are presented in 2 groups: those with a "Qualified Notice” exemption, and those "without Qualified Notice". The lists are shown on a best efforts basis for convenience only. IBKR does not guarantee the accuracy or timeliness of the information, and investors should independently verify that products in which they are invested in, or intend to invest, have the necessary exemptions to avoid punitive withholding outcomes. Duration of the exemptions should also be monitored by position holders in the instruments.
PTP Securities with known Qualified Notice
ISIN |
Symbol |
Name |
US92891H1014 |
SVIX |
-1X SHORT VIX FUTURES ETF |
US92891H3093 |
UVIX |
2X LONG VIX FUTURES ETF |
US0917491013 |
BITW |
BITWISE 10 CRYPTO INDEX FUND |
BMG162341090 |
BBU |
BROOKFIELD BUSINESS PT-UNIT |
BMG162522756 |
BIP PRB |
BROOKFIELD INFRASTRUCTUR |
BMG162521014 |
BIP |
BROOKFIELD INFRASTRUCTURE PA |
USG162522670 |
BIP PRA |
BROOKFIELD INFRASTRUCTURE PARTNERS LP |
BMG162491499 |
BPYPP |
BROOKFIELD PROPERTY PART |
BMG162491564 |
BPYPO |
BROOKFIELD PROPERTY PART |
BMG162491648 |
BPYPN |
BROOKFIELD PROPERTY PART |
BMG162582313 |
BEP PRA |
BROOKFIELD RENEWABLE PAR |
BMG162581083 |
BEP |
BROOKFIELD RENEWABLE PARTNER |
CA16141A1030 |
CSH.UN |
CHARTWELL RETIREMENT RESIDEN |
US21258A2015 |
SPKX |
CONVXTY SHS 1X SPIKES FUTUR |
US21258A1025 |
SPKY |
CONVXTY SHS DAILY 1.5X SP FU |
US26800L1008 |
WEIX |
DYNAMIC SHORT SHORT |
CA3874371147 |
GRP U |
GRANITE REAL ESTATE INVESTME |
US88166A8053 |
DEFI |
HASHDEX BITCOIN FUTURES ETF |
US46140H1068 |
DBA |
INVESCO DB AGRICULTURE FUND |
US46140H7008 |
DBB |
INVESCO DB BASE METALS FUND |
US46138B1035 |
DBC |
INVESCO DB COMMODITY INDEX T |
US46140H3049 |
DBE |
INVESCO DB ENERGY FUND |
US46139B1026 |
DBV |
INVESCO DB G10 CURRENCY HARV |
US46140H6018 |
DGL |
INVESCO DB GOLD FUND |
US46140H4039 |
DBO |
INVESCO DB OIL FUND |
US46140H5028 |
DBP |
INVESCO DB PRECIOUS METALS F |
US46140H2058 |
DBS |
INVESCO DB SILVER FUND |
US46141D2036 |
UUP |
INVESCO DB US DOLLAR INDEX B |
US46141D1046 |
UDN |
INVESCO DB US DOLLAR INDEX B |
US46428R1077 |
GSG |
ISHARES S&P GSCI COMMODITY I |
BMG540501027 |
LAZ |
LAZARD LTD-CL A |
BMG1624R1079 |
BPYPM |
NEW LP PREFERRED UNITS CAD |
CA70214T1012 |
PVF.PR.U |
PARTNERS VALUE INVEST LP |
CA70214T1194 |
PVF.UN |
PARTNERS VALUE INVESTMENTS I |
US74347W1302 |
SVXY |
PROSHARES SHORT VIX ST FUTUR |
US74347Y8883 |
UCO |
PROSHARES ULTRA BLOOMBERG CR |
US74347Y8701 |
BOIL |
PROSHARES ULTRA BLOOMBERG NA |
US74347W8745 |
ULE |
PROSHARES ULTRA EURO |
US74347W6012 |
UGL |
PROSHARES ULTRA GOLD |
US74347W3530 |
AGQ |
PROSHARES ULTRA SILVER |
US74347Y8396 |
UVXY |
PROSHARES ULTRA VIX ST FUTUR |
US74347W2706 |
YCL |
PROSHARES ULTRA YEN |
US74347Y7976 |
SCO |
PROSHARES ULTRASHORT BLOOMBE |
US74347Y8131 |
KOLD |
PROSHARES ULTRASHORT BLOOMBE |
US74347W8828 |
EUO |
PROSHARES ULTRASHORT EURO |
US74347W3951 |
GLL |
PROSHARES ULTRASHORT GOLD |
US74347Y8479 |
ZSL |
PROSHARES ULTRASHORT SILVER |
US74347W5691 |
YCS |
PROSHARES ULTRASHORT YEN |
US74347W3381 |
VIXM |
PROSHARES VIX MID-TERM FUT |
US74347Y8545 |
VIXY |
PROSHARES VIX SHORT-TERM FUT |
US85814R2067 |
SPLP PRA |
STEEL PARTNERS HOLDINGS LP |
US88166A7063 |
TAGS |
TEUCRIUM AGRICULTURAL FUND |
US88166A1025 |
CORN |
TEUCRIUM CORN FUND |
US88166A6073 |
SOYB |
TEUCRIUM SOYBEAN FUND |
US88166A4094 |
CANE |
TEUCRIUM SUGAR FUND |
US88166A5083 |
WEAT |
TEUCRIUM WHEAT FUND |
US91288X1090 |
UNL |
UNITED STATES 12 MONTH NATUR |
US91288V1035 |
USL |
UNITED STATES 12 MONTH OIL |
US91167Q1004 |
BNO |
UNITED STATES BRENT OIL FUND |
US9117171069 |
USCI |
UNITED STATES COMMODITY INDE |
US9117181043 |
CPER |
UNITED STATES COPPER INDEX |
US91201T1025 |
UGA |
UNITED STATES GAS FUND LP |
US91232N2071 |
USO |
UNITED STATES OIL FUND LP |
US9123183009 |
UNG |
US NATURAL GAS FUND LP |
PTP Securities without Qualified Notices
ISIN |
Symbol |
Name |
US28252B3096 |
- |
1847 HOLDINGS LLC |
US28252B8046 |
EFSH |
1847 HOLDINGS LLC |
US00434L1098 |
- |
ACCESS MIDSTREAM PARTNERS LP |
US0093661058 |
AIRL |
AIRLEASE LTD |
US01855A1016 |
AC |
ALLIANCE CAP MGMT LP |
US01861G1004 |
AHGP |
ALLIANCE HOLDINGS GP LP |
US01877R1086 |
ARLP |
ALLIANCE RESOURCE PARTNERS |
US01881G1067 |
AB |
ALLIANCEBERNSTEIN HOLDING LP |
US02052T1097 |
ALDW |
ALON USA PARTNERS LP |
US02364V1070 |
- |
AMERICA FIRST MULTIFAMILY IN |
US02364V2060 |
ATAX |
AMERICA FIRST MULTIFAMILY IN |
US02364Y1010 |
AFREZ |
AMERICA FIRST REAL ESTATE INVESTMENT PARTNERS |
US02520N1063 |
APO |
AMERICAN COMMUNITY PROPERTIE |
CA0266951064 |
HOT.UN |
AMERICAN HOTEL INCOME PROPER |
US0268621028 |
AIA |
AMERICAN INSD MTG INVS |
US02752P1003 |
- |
AMERICAN MIDSTREAM PARTNERS |
US0291692087 |
ACP PR |
AMERICAN REAL ESTATE PRTNRS: ACP PR |
US0291691097 |
ACP |
AMERICAN REAL ESTATE PTNR-LP |
US0293162055 |
- |
AMERICAN RESTAURANT PRTNR LP |
US0309751065 |
APU |
AMERIGAS PARTNERS-LP |
US02686F1030 |
AIJ |
AMERN INSD MTG INVS L P 86 |
US02686G1013 |
AIK |
AMERN INSD MTG INVS L P 88 |
US0293161065 |
XXMUT |
AMERN RESTAURANT PARTNERS |
US03350F1066 |
ANDX |
ANDEAVOR LOGISTICS LP |
US03673L1035 |
- |
ANTERO MIDSTREAM PARTNERS LP |
GB00B15Y0C52 |
AAAA |
AP ALTERNATIVE ASSETS LP |
US0376123065 |
- |
APOLLO GLOBAL MANAGEMENT - A |
US0376124055 |
APO PRA.O |
APOLLO MANAGEMENT LLC |
US0376125045 |
APO PRB.O |
APOLLO MANAGEMENT LLC |
US03879N1019 |
ARCX |
ARC LOGISTICS PARTNERS LP |
US30225N1054 |
EXLP |
ARCHROCK PARTNERS LP |
US03957U1007 |
APLP |
ARCHROCK PARTNERS LP |
US04014Y1010 |
- |
ARES MANAGEMENT LP |
US04014Y2000 |
ARES PRA. |
ARES MGMT LP PFD UNIT SER A |
US04929Q1022 |
- |
ATLAS ENERGY GROUP LLC |
US04939R1086 |
- |
ATLAS ENERGY LP |
US04930A1043 |
ATLS |
ATLAS ENERGY LP |
US0493031001 |
ATN |
ATLAS ENERGY RESOURCES LLC |
US0493921037 |
APL |
ATLAS PIPELINE PARTNERS LP |
US0493923017 |
APL PRECL |
ATLAS PIPELINE PARTNERS, L.P. CUMV |
US04941A4085 |
ARPPQ |
ATLAS RESOURCE PARTNERS |
US04941A1016 |
ARPJQ |
ATLAS RESOURCE PARTNERS LP |
US04941A5074 |
ARNPQ |
ATLAS RESOURCE PARTNERS |
US0548071028 |
AZLCZ |
AZTEC LAND & CATTLE LTD |
US05501X1000 |
AZURQ |
AZURE MIDSTREAM PARTNERS LP |
US0806941029 |
OZ |
BELPOINTE PREP LLC |
US09225M1018 |
BSM |
BLACK STONE MINERALS LP |
US0925ESC094 |
BHL.ESC |
BLACKROCK DEFINED OPPORTUNIT - ESCROW |
US09253U1088 |
- |
BLACKSTONE GROUP LP/THE |
US09625U2087 |
BKEPP |
BLUEKNIGHT ENERGY PARTNERS - SERIES A PREF UNIT |
US09625U1097 |
BKEP |
BLUEKNIGHT ENERGY PARTNERS L |
US0966271043 |
BWP |
BOARDWALK PIPELINE PARTNERS |
US0556EL1098 |
BPMP |
BP MIDSTREAM PARTNERS LP |
US26923H2004 |
BDRY |
BREAKWAVE DRY BULK SHIPPING |
US1067761072 |
BBEPQ |
BREITBURN ENERGY PARTNERS LP |
US1067761155 |
BBPPQ |
BREITBURN ENG PARTNERS LP CUM REDEE |
BMG162491077 |
BPY |
BROOKFIELD PROPERTY PARTNERS |
US1181671058 |
BGH |
BUCKEYE GP HOLDINGS LP |
US1182301010 |
BPL |
BUCKEYE PARTNERS LP |
US1272072075 |
CSD PRA |
CADBURY SCHWEPPES DEL L P |
US1314761032 |
CLMT |
CALUMET SPECIALTY PRODUCTS |
TC0001464281 |
ACE PRB |
CAPITAL RE LLC: 7.65% CUM "MIPS" |
US14309L1026 |
- |
CARLYLE GROUP INC/THE |
US1501851067 |
FUN |
CEDAR FAIR -LP |
US15188T1088 |
- |
CENTERLINE HOLDING CO |
US1534231089 |
ENGY |
CENTRAL ENERGY PARTNERS LP |
US14309L2016 |
TCGP |
CG 5 7/8 PERP PFD |
US1609081096 |
CHC |
CHARTERMAC |
US16411Q1013 |
CQP |
CHENIERE ENERGY PARTNERS LP |
US1651851099 |
CHKR |
CHESAPEAKE GRANITE WASH TRUS |
US16524K1088 |
- |
CHESAPEAKE MIDSTREAM PARTNER |
US12547R1059 |
CIFC |
CIFC LLC |
US18383H1014 |
- |
CLAYMORE MACROSHARES OIL DOW |
US18383R1095 |
- |
CLAYMORE MACROSHARES OIL UP |
US12592V1008 |
- |
CNX COAL RESOURCES LP |
US12654A1016 |
CNXM |
CNX MIDSTREAM PARTNERS LP |
US1982811077 |
CPPL |
COLUMBIA PIPELINE PARTNERS L |
US20467A1016 |
GSJK |
COMPRESSCO PARTNERS LP |
US20588V3078 |
CAG PRB |
CONAGRA CAP L C: CAG PRB |
US2068121092 |
- |
CONE MIDSTREAM PARTNERS LP |
US20855T1007 |
CCR |
CONSOL COAL RESOURCES LP |
US21038E1010 |
- |
CONSTELLATION ENERGY PARTNER |
GG00B1WR8K11 |
CCAP |
CONVERSUS CAPITAL |
US2128491030 |
CWPS |
CONWEST PARTNERSHIP LP-UNITS |
US2172021006 |
CPNO |
COPANO ENERGY LLC-UNITS |
US2189161043 |
CNPP |
CORNERSTONE PROPANE PARTNERS |
US2263443077 |
CEQP PR |
CRESTWOOD EQUITY PARTNER |
US2263441097 |
- |
CRESTWOOD EQUITY PARTNERS LP |
US2263442087 |
CEQP |
CRESTWOOD EQUITY PARTNERS LP |
US2263721001 |
- |
CRESTWOOD MIDSTREAM PARTNERS |
US2263781070 |
CMLP |
CRESTWOOD MIDSTREAM PARTNERS |
US22676R1150 |
KWH.UN |
CRIUS ENERGY TRUST |
US22758A1051 |
CAPL |
CROSSAMERICA PARTNERS LP |
US22765U1025 |
- |
CROSSTEX ENERGY LP |
US2284391057 |
CRPPE |
CROWN PAC PARTNERS L P |
US12637A1034 |
CCLP |
CSI COMPRESSCO LP |
US1266331065 |
- |
CVR PARTNERS LP |
US1266332055 |
UAN |
CVR PARTNERS LP |
US12663P1075 |
CVRR |
CVR REFINING LP |
US2327511075 |
- |
CYPRESS ENVIRONMENTAL PARTNE |
US23311P3082 |
DCP PRC |
DCP 7.95 PERP PFD - DCP MIDSTREAM LP |
US23311P1003 |
DCP |
DCP MIDSTREAM L.P. |
US23311P2092 |
DCP PRB |
DCP MIDSTREAM LP |
US24664T1034 |
DKL |
DELEK LOGISTICS PARTNERS LP |
US25490F2092 |
BARS |
DIREXION DAILY GOLD BEAR 3X |
US25490F1003 |
BAR |
DIREXION DAILY GOLD BULL 3X |
US2574541080 |
- |
DOMINION ENERGY MIDSTREAM PA |
US25820R1059 |
DMLP |
DORCHESTER MINERALS LP |
US2650261041 |
DEP |
DUNCAN ENERGY PARTNERS LP |
US2662242039 |
DQ PRA |
DUQUESNE CAP L P |
SGXC28500103 |
LIW |
EAGLE HOSPITALITY TRUST |
US26985R1041 |
EROC |
EAGLE ROCK ENERGY PARTNERS |
US26827L1098 |
ECTM |
ECA MARCELLUS TRUST I |
US2837021086 |
EPB |
EL PASO PIPELINE PARTNERS LP |
US29102H1086 |
EMESQ |
EMERGE ENERGY SERVICES LP |
US2921021000 |
ESBA |
EMPIRE STATE REALTY OP LP-ES |
US2921023089 |
FISK |
EMPIRE STATE REALTY OP -S250 |
US2921022099 |
OGCP |
EMPIRE STATE REALTY OP-S60 |
US2924801002 |
ENBL |
ENABLE MIDSTREAM PARTNERS LP |
US29250R1068 |
EEP |
ENBRIDGE ENERGY PARTNERS LP |
US29257A1060 |
ENP |
ENCORE ENERGY PARTNERS-LP |
US29273V1008 |
ET |
ENERGY TRANSFER LP |
US29273V6056 |
ET PRE |
ENERGY TRANSFER LP 7.6% PERP PFD U |
US29273V5066 |
ET PRD |
ENERGY TRANSFER LP 7.625% PERP PFD |
US29273V4077 |
ET PRC |
ENERGY TRANSFER LP |
US29278N1037 |
ETP |
ENERGY TRANSFER OPERATING LP |
US29278N5095 |
ETP PRE |
ENERGY TRANSFER OPERATNG |
US29278N3017 |
ETP PRC |
ENERGY TRANSFER PARTNERS |
US29273R1095 |
- |
ENERGY TRANSFER PARTNERS LP |
US29278N4007 |
ETP PRD |
ENERGY TRANSFER PARTNERS |
US29336U1079 |
ENLK |
ENLINK MIDSTREAM PARTNERS LP |
TC0001373946 |
ECTPQ |
ENRON CAP LLC |
US29357D2080 |
ECSPQ |
ENRON CAPITAL RESOURCES 9% CUM RED PFD |
US2937161063 |
EPE |
ENTERPRISE GP HOLDINGS LP |
US2937921078 |
EPD |
ENTERPRISE PRODUCTS PARTNERS |
US29414J1079 |
- |
ENVIVA PARTNERS LP |
US26885J1034 |
EQGP |
EQGP HOLDINGS LP |
US26885B1008 |
EQM |
EQM MIDSTREAM PARTNERS LP |
US092ESC0377 |
BGIO.ESC |
ESC BGIO LIQUIDATION TRUST |
US26926V1070 |
EVEPQ |
EV ENERGY PARTNERS LP |
US30053M1045 |
SNMP |
EVOLVE TRANSITION INFRASTRUC |
US30304T1060 |
FSG |
FACTORSHARES 2X: GOLD-S&P500 |
US30304P1049 |
FOL |
FACTORSHARES 2X: OIL-S&P500 |
US3030461061 |
FSE |
FACTORSHARES 2X: S&P500-TBD |
US3030481028 |
FSU |
FACTORSHARES 2X: S&P500-USD |
US3030471045 |
FSA |
FACTORSHARES 2X: TBD-S&P500 |
US3152933087 |
FGPRB |
FERRELLGAS PARTNERS LP-B |
US3152931008 |
FGPRQ |
FERRELLGAS PARTNERS-LP |
US3152932097 |
FGPR |
FERRELLGAS PARTNERS-LP |
US30242M1062 |
XXFPL |
FFP PARTNERS -LP-CL A |
US34552U1043 |
FELPQ |
FORESIGHT ENERGY LP |
US34958B1061 |
- |
FORTRESS INVESTMENT GRP-CL A |
US34960P2002 |
FTAIP |
FORTRESS TRANS & INFRAST |
US34960P3091 |
FTAIO |
FORTRESS TRANS & INFRAST |
US34960P4081 |
FTAIN |
FORTRESS TRANS & INFRAST |
US34960P1012 |
FTAI |
FORTRESS TRANSPORTATION-CL A |
US36761Q1058 |
GWYGU |
GATEWAY GARAGE PARTNERS LLC |
US3719271047 |
GEL |
GENESIS ENERGY L.P. |
US37959R1032 |
GBLI |
GLOBAL INDEMNITY GROUP LLC-A |
US37946R1095 |
GLP |
GLOBAL PARTNERS LP |
US37946R2085 |
GLP PRA |
GLOBAL PARTNERS LP |
US37946R3075 |
GLP PRB |
GLOBAL PARTNERS LP |
US38349K1051 |
GDVTZ |
GOULD INVESTORS LP |
US3860872098 |
GRM PRA |
GRAND MET DEL L P |
US3932211069 |
GPP |
GREEN PLAINS PARTNERS LP |
US39525T1007 |
- |
GREENHAVEN COAL FUND |
US3952581060 |
- |
GREENHAVEN CONTINUOUS CMDTY |
US40274U1088 |
GTM |
GULFTERRA ENERGY PARTNERS LP |
US4038291047 |
GYRO |
GYRODYNE LLC |
US40636T2033 |
HRY |
HALLWOOD RLTY PARTNERS L P |
BMG4285W1001 |
HRBGF |
HARBOR GLOBAL COMPANY LTD |
US41988L2025 |
NNUTU |
HAWAIIAN MACADAMIA NUT ORCHA |
US4223571039 |
HTLLQ |
HEARTLAND PARTNERS LP-A |
US4269181081 |
HPG |
HERITAGE PROPANE PRTNRS LP |
US4281041032 |
- |
HESS MIDSTREAM PARTNERS LP |
US4283371098 |
HCRSQ |
HI-CRUSH INC |
US43129M1071 |
HPGP |
HILAND HOLDINGS GP LP |
US4312911039 |
HLND |
HILAND PARTNERS LP |
US4357631070 |
HEP |
HOLLY ENERGY PARTNERS LP |
US4511001012 |
IEP |
ICAHN ENTERPRISES LP |
US4511002002 |
IEP PRCL |
ICAHN ENTERPRISES LP |
US4511001194 |
IEPRR |
ICAHN ENTERPRISES LP-RIGHT |
US45661Q1076 |
NRGP |
INERGY HOLDINGS LP |
US4566151035 |
- |
INERGY LP |
US45671U1060 |
- |
INERGY MIDSTREAM LP |
US4608852053 |
IGLPA |
INTERSTATE GEN L P |
US4642941078 |
ALT |
ISHARE DIVERSIFIED ALT TRUST |
US45032K1025 |
CMDT |
ISHARES COMMODITY OPTIMIZED |
US46643C1099 |
JPEP |
JP ENERGY PARTNERS LP |
US4841691078 |
KPP |
KANEB PIPE LINE PARTNERS L P |
US4841731098 |
KSL |
KANEB SERVICES LLC |
US4945501066 |
KMP |
KINDER MORGAN ENERGY PRTNRS |
GB00B13BNQ35 |
KKR |
KKR & CO (GUERNSEY) LP |
US48248M2017 |
KKR PRA.O |
KKR & CO LP |
US48248M3007 |
KKR PRB.O |
KKR 6 1/2 12/31/49 PFD |
US48248A3068 |
KFN |
KKR FINANCIAL HOLDINGS LLC |
US48248A6038 |
KFN PRCL |
KKR FINANCIAL HOLDINGS |
US48268Y1010 |
KSP |
K-SEA TRANSPORTATION PARTNER |
US5053461068 |
LAACZ |
LAACO LTD-UNITS OF LTD PRTNS |
US51508J2078 |
LMRKP |
LANDMARK INFRASTRUCTURE |
US51508J1088 |
LMRK |
LANDMARK INFRASTRUCTURE PART |
US51508J4058 |
LMRKN |
LANDMARK INFRASTRUCTURE PARTNERS LP |
US51508J3068 |
LMRKO |
LANDMARK INFRASTRUCTURE |
US5248141005 |
- |
LEHIGH GAS PARTNERS LP |
US5327711025 |
- |
LIN MEDIA LLC - A |
US5357631069 |
LNKE |
LINK ENERGY LLC |
US5360201009 |
LINEQ |
LINN ENERGY LLC-UNITS |
US50214A1043 |
LRE |
LRR ENERGY LP |
US55608B1052 |
MIC.USD |
MACQUARIE INFRASTRUCTURE HOL |
US55610T1025 |
- |
MACROSHARES $100 OIL DOWN |
US55610W1053 |
- |
MACROSHARES $100 OIL UP |
US55610X1037 |
DMM |
MACROSHARES MAJ MET HOU DOWN |
US55610R1068 |
UMM |
MACROSHARES MAJ MET HOU UP |
US55610N1054 |
DCR |
MACROSHARES OIL DOWN TRADEABLE |
US55610L1098 |
UCR |
MACROSHARES OIL UP TRADEABLE T |
US55610T2015 |
DOY |
MACROSHARES USD 100 OIL DOWN |
US55610W2044 |
UOY |
MACROSHARES USD 100 OIL UP |
US55907R1086 |
MGG |
MAGELLAN MIDSTREAM HOLDINGS |
US5590801065 |
MMP |
MAGELLAN MIDSTREAM PARTNERS |
US5707591005 |
MWE |
MARKWEST ENERGY PARTNERS LP |
US57118V1008 |
- |
MARLIN MIDSTREAM PARTNERS LP |
US5733311055 |
MMLP |
MARTIN MIDSTREAM PARTNERS LP |
US5860481002 |
MEMPQ |
MEMORIAL PRODUCTION PARTNERS |
US55271M2061 |
MUK PRA |
MEPC INTL CAP L P |
US59140L1008 |
IDIV |
METAURUS US EQUITY CUMULATIV |
US59140L2097 |
- |
METAURUS US EQUITY EX DIVIDE |
US59564N1037 |
MEP |
MIDCOAST ENERGY PARTNERS LP |
US59560V1098 |
- |
MID-CON ENERGY PARTNERS LP |
US59560V2088 |
MCEP |
MID-CON ENERGY PARTNERS LP |
US6050342061 |
ME PRA |
MISSION CAP L P |
US6050343051 |
ME PRB |
MISSION CAP L P: ME PRB |
US55307U1079 |
- |
ML MACADAMIA ORCHARDS LP-UT |
US55336V1008 |
MPLX |
MPLX LP |
US62624B1017 |
- |
MUNICIPAL MORTGAGE & EQUITY |
US55406N1037 |
MYTH |
MYT HLDG LLC BE+ |
US63900P1030 |
- |
NATURAL RESOURCE PARTNERS LP |
US63900P4000 |
NSP |
NATURAL RESOURCE PARTNERS LP -PARTNERSHIP UNITS |
US63900P6088 |
NRP |
NATURAL RESOURCE PARTNERS LP |
US63900P5098 |
NSP |
NATURAL RESOURCE PARTNERS LP |
US6442061049 |
NEN |
NEW ENGLAND REALTY ASSOC-LP |
US64881E1091 |
NSLPQ |
NEW SOURCE ENERGY PARTNERS L |
US64881E3071 |
NUSPQ |
NEW SOURCE ENG PARTNERS LP 11%SR A |
US64ESC19977 |
NYRT.ESC |
NEW YORK REIT INC - ESCROW |
US6514261089 |
NHL |
NEWHALL LAND & FARMING CO |
US62913M2061 |
NGL PRB |
NGL 9 PERP PFD |
US62913M1071 |
NGL |
NGL ENERGY PARTNERS LP |
US62913M3051 |
NGL PRC |
NGL ENERGY PARTNERS LP |
US6546781013 |
NKA |
NISKA GAS STORAGE PARTNERS-U |
US65506L1052 |
NBLX |
NOBLE MIDSTREAM PARTNERS LP |
US6658261036 |
NTI |
NORTHERN TIER ENERGY LP |
US67058H3003 |
NS PRB |
NSUS 7 5/8 PERP PFD |
US67058H2013 |
NS PRA |
NSUS 8 1/2 12/31/49 |
US6294221063 |
NLP |
NTS REALTY HOLDINGS LP |
US67058H1023 |
NS |
NUSTAR ENERGY LP |
US67058H4092 |
NS PRC |
NUSTAR ENERGY LP |
US67059L1026 |
- |
NUSTAR GP HOLDINGS LLC |
US67074P1049 |
CFD |
NUVEEN DIVERSIFIED COMMODITY |
US6707311089 |
CTF |
NUVEEN LONG/SHORT COMMODITY |
US6740011027 |
OKCMZ |
OAKTREE CAP GROUP-UTS CL A |
US6740012017 |
OAK |
OAKTREE CAPITAL GROUP LLC |
US6740013007 |
OAK PRA |
OAKTREE CAPITAL GRP LLC |
US6740014096 |
OAK PRB |
OAKTREE CAPITAL GRP LLC |
US67420T2069 |
OMP |
OASIS MIDSTREAM PARTNERS LP |
US67551U1051 |
- |
OCH-ZIFF CAPITAL MANAGEMEN-A |
US67091N1081 |
OCIP |
OCI PARTNERS LP |
US67081B1061 |
- |
OCI RESOURCES LP |
US6780491071 |
OILT |
OILTANKING PARTNERS LP |
US68268N1037 |
OKS |
ONEOK PARTNERS LP |
US6710281089 |
OSP |
OSG AMERICA LP |
US6918071019 |
OXF |
OXFORD RESOURCE PARTNERS LP |
US6931391071 |
PNG |
PAA NATURAL GAS STORAGE LP |
US69422R1059 |
PPX |
PACIFIC ENERGY PARTNERS LP |
US69318Q1040 |
PBFX |
PBF LOGISTICS LP |
CA7069025095 |
- |
PENGROWTH ENERGY TRUST-A |
US70788P1057 |
- |
PENN VIRGINIA GP HOLDINGS LP |
US7078841027 |
- |
PENN VIRGINIA RESOURCE PARTN |
US7093111042 |
PTXP |
PENNTEX MIDSTREAM PARTNERS L |
US71672U1016 |
PDH |
PETROLOGISTICS LP |
US55406N2027 |
PFDM |
PFD MYT HLDG CO BE+ |
US7185492078 |
PSXP |
PHILLIPS 66 PARTNERS LP |
US7192171012 |
PLP |
PHOSPHATE RESOURCE PRTNRS L.P. |
US72388B1061 |
PSE |
PIONEER SOUTHWEST ENERGY PAR |
US7265031051 |
PAA |
PLAINS ALL AMER PIPELINE LP |
US69341H1059 |
GFWQZ |
PLM EQUIPMENT GROWTH FD III |
US7328571077 |
POPE |
POPE RESOURCES |
US73936B4086 |
- |
POWERSHARES DB AGRICULTURE F |
US73936B7055 |
- |
POWERSHARES DB BASE METALS F |
US73935S1050 |
- |
POWERSHARES DB COMMODITY IND |
US73936B1017 |
- |
POWERSHARES DB ENERGY FUND |
US73935Y1029 |
- |
POWERSHARES DB G10 CURR HARV |
US73936B6065 |
- |
POWERSHARES DB GOLD FUND |
US73936B5075 |
- |
POWERSHARES DB OIL FUND |
US73936B2007 |
- |
POWERSHARES DB PREC METALS F |
US73936B3096 |
- |
POWERSHARES DB SILVER FUND |
US73936D2062 |
- |
POWERSHARES DB US DOL IND BE |
US73936D1072 |
- |
POWERSHARES DB US DOL IND BU |
SGXC75818630 |
OXMU |
PRIME US REIT |
US74347W5360 |
FUTS |
PROSHARES MANAGED FUTURES ST |
US74347W7424 |
- |
PROSHARES SHORT EURO ETF |
US74347W6277 |
- |
PROSHARES SHORT VIX ST FUTUR |
US74347W4942 |
GDAY |
PROSHARES ULT AUSTRALIAN DOL |
US74347W7754 |
- |
PROSHARES ULT DJ-UBS NAT GAS |
US74347W1062 |
- |
PROSHARES ULTRA BLOOMBERG CO |
US74347W2888 |
UCD |
PROSHARES ULTRA BLOOMBERG CO |
US74347W6509 |
- |
PROSHARES ULTRA BLOOMBERG CR |
US74347W2474 |
- |
PROSHARES ULTRA BLOOMBERG CR |
US74347W3209 |
- |
PROSHARES ULTRA BLOOMBERG CR |
US74347W1229 |
- |
PROSHARES ULTRA BLOOMBERG NA |
US74347Y7067 |
- |
PROSHARES ULTRA BLOOMBERG NA |
US74347W2961 |
- |
PROSHARES ULTRA BLOOMBERG NA |
US74347W5022 |
- |
PROSHARES ULTRA DJ-UBS CRUDE OIL |
US74347W8414 |
- |
PROSHARES ULTRA SILVER |
US74347W6350 |
- |
PROSHARES ULTRA VIX ST FUTUR |
US74347W4116 |
- |
PROSHARES ULTRA VIX ST FUTUR |
US74347W3464 |
- |
PROSHARES ULTRA VIX ST FUTUR |
US74347W2540 |
- |
PROSHARES ULTRA VIX ST FUTUR |
US74347W1633 |
- |
PROSHARES ULTRA VIX ST FUTUR |
US74347W5444 |
- |
PROSHARES ULTRA VIX ST FUTUR |
US74347W3795 |
- |
PROSHARES ULTRA VIX ST FUTUR |
US74347W3126 |
- |
PROSHARES ULTRA VIX ST FUTUR |
US74347W2391 |
- |
PROSHARES ULTRA VIX ST FUTUR |
US74347W1484 |
- |
PROSHARES ULTRA VIX ST FUTUR |
US74347W8661 |
- |
PROSHARES ULTRA YEN |
US74347W2219 |
- |
PROSHARES ULTRAPRO 3X CRUDE |
US74347W2136 |
- |
PROSHARES ULTRAPRO 3X SHORT |
US74347Y8057 |
- |
PROSHARES ULTRAPRO 3X SHORT |
US74347W4603 |
CROC |
PROSHARES ULTRASHORT AUD |
US74347Y8214 |
- |
PROSHARES ULTRASHORT BLOOMBE |
US74347W6681 |
- |
PROSHARES ULTRASHORT BLOOMBE |
US74347W3878 |
- |
PROSHARES ULTRASHORT BLOOMBE |
US74347Y8628 |
- |
PROSHARES ULTRASHORT BLOOMBE |
US74347W6764 |
CMD |
PROSHARES ULTRASHORT BLOOMBE |
US74347W7002 |
- |
PROSHARES ULTRASHORT GOLD |
US74347W7184 |
- |
PROSHARES ULTRASHORT GOLD |
US74347W8331 |
- |
PROSHARES ULTRASHORT SILVER |
US74347W6434 |
- |
PROSHARES ULTRASHORT SILVER |
US74347W7267 |
- |
PROSHARES ULTRASHORT SILVER |
US74347W1146 |
- |
PROSHARES ULTRASHORT SILVER |
US74347W8588 |
- |
PROSHARES ULTRASHORT YEN |
US74347W7671 |
- |
PROSHARES ULTSHRT DJ-UBS NAT |
US74347W6848 |
- |
PROSHARES VIX MID-TERM FUT |
US74347W3613 |
- |
PROSHARES VIX SHORT-TERM FUT |
US74347W6921 |
- |
PROSHARES VIX SHORT-TERM FUT |
US74347W2623 |
- |
PROSHARES VIX SHORT-TERM FUT |
US74347W1716 |
- |
PROSHARES VIX SHORT-TERM FUT |
US74347W2052 |
- |
PROSHRE U/S DJ-AIG COMMODITY |
US74347W8091 |
- |
PROSHRE U/S DJ-AIG CRUDE OIL |
CA74624AUSD4 |
RUF.U |
PURE MULTI-FAMILY REIT LP |
CA74624A1084 |
RUF.UN |
PURE MULTI-FAMILY REIT LP |
US6936651016 |
PVR |
PVR PARTNERS LP |
US74735R1150 |
QEPM |
QEP MIDSTREAM PARTNERS LP |
US74734R1086 |
QRE |
QR ENERGY LP |
US74836B2097 |
- |
QUEST ENERGY PARTNERS LP |
US74839G1067 |
- |
QUICKSILVER GAS SERVICES LP |
US75885Y1073 |
RGP |
REGENCY ENERGY PARTNERS LP |
US7601131003 |
RNF |
RENTECH NITROGEN PARTNERS LP |
US76090H1032 |
QSP.U |
RESTAURANT BRANDS EXCHANGE UNITS |
CA76090H1038 |
QSP.UN |
RESTAURANT BRANDS-EXCH UNITS |
US76218Y1038 |
- |
RHINO RESOURCE PARTNERS LP |
US76218Y2028 |
- |
RHINO RESOURCE PARTNERS LP |
US7628191006 |
RMP |
RICE MIDSTREAM PARTNERS LP |
US7672711097 |
- |
RIO VISTA ENERGY PARTNERS LP |
US7771491054 |
RRMS |
ROSE ROCK MIDSTREAM LP |
US78028T1007 |
- |
ROYAL HAWAIIAN ORCHARDS LP |
GG00BKTRRM22 |
RTW |
RTW VENTURE FUND LTD |
US79971C2017 |
- |
SANCHEZ MIDSTREAM PARTNERS L |
US79971A1060 |
- |
SANCHEZ PRODUCTION PARTNERS |
US79971C1027 |
- |
SANCHEZ PRODUCTION PARTNERS |
US80007T1016 |
SDTTU |
SANDRIDGE MISSISSIPPIAN TRUS |
US80007V1061 |
SDRMU |
SANDRIDGE MISSISSIPPIAN TRUS |
US80007A1025 |
- |
SANDRIDGE PERMIAN TRUST |
MHY737602026 |
SRG U |
SEANERGY MARITIME CORP-UNITS |
MHY737601036 |
- |
SEANERGY MARTIME HOLDINGS CORP |
US81662W1080 |
- |
SEMGROUP ENERGY PARTNERS LP |
US8226341019 |
SHLX |
SHELL MIDSTREAM PARTNERS LP |
US1724641097 |
SIRE |
SISECAM RESOURCES LP |
US26923H1014 |
RISE |
SIT RISING RATE ETF |
US84130C1009 |
SXEEQ |
SOUTHCROSS ENERGY PARTNERS L |
US84756N1090 |
SEP |
SPECTRA ENERGY PARTNERS LP |
US8493431089 |
SRLP |
SPRAGUE RESOURCES LP |
US85512C2044 |
SGH |
STAR GAS PTNRS,LP SR SB UTS |
US85814R3057 |
SPLP PRT |
STEEL PARTNERS HLDS LP |
US85814R1077 |
SPLP |
STEEL PARTNERS HOLDINGS LP |
US86183Q1004 |
- |
STONEMOR PARTNERS LP |
US86324B1035 |
BNPC |
STREAM S&P DYN GLOBAL COMM |
US8644821048 |
SPH |
SUBURBAN PROPANE PARTNERS LP |
US8661421029 |
- |
SUMMIT MIDSTREAM PARTNERS LP |
US8661424098 |
SMLP |
SUMMIT MIDSTREAM PARTNERS LP |
US86722Y1010 |
SXCP |
SUNCOKE ENERGY PARTNERS LP |
US86764L1089 |
- |
SUNOCO LOGISTICS PARTNERS L.P |
US86765K1097 |
SUN |
SUNOCO LP |
US8692391035 |
- |
SUSSER PETROLEUM PARTNERS LP |
US8746971055 |
TEP |
TALLGRASS ENERGY PARTNERS LP |
US87611X2045 |
NGLS PRA |
TARGA RESOURCES PARTNERS |
US87611X1054 |
NGLS |
TARGA RESOURCES PARTNERS LP |
US87233Q1085 |
TCP |
TC PIPELINES LP |
US8723841024 |
TPP |
TEPPCO PARTNERS LP |
US8810052014 |
TNH |
TERRA NITROGEN COMPANY LP |
US88160T1079 |
- |
TESORO LOGISTICS LP |
US88166A3005 |
CRUD |
TEUCRIUM CRUDE OIL FUND |
US88166A2015 |
NAGS |
TEUCRIUM NATURAL GAS FUND |
US89376V1008 |
TLP |
TRANSMONTAIGNE PARTNERS LP |
SGXC39411175 |
ODBU |
UNITED HAMPSHIRE US REIT |
US91733T3077 |
USOU |
UNITED STATES 3X OIL FUND |
US91733T4067 |
- |
UNITED STATES 3X SHORT OIL F |
US91733T5056 |
USOD |
UNITED STATES 3X SHORT OIL F |
US9117182033 |
USAG |
UNITED STATES AGRICULTURE IN |
US9117831084 |
UHN |
UNITED STATES DIESEL-HEATING |
US91204P1075 |
- |
UNITED STATES HEATING OIL LP |
US9117183023 |
USMI |
UNITED STATES METALS INDEX F |
US91232N1081 |
- |
UNITED STATES OIL FUND LP |
US9126132052 |
DNO |
UNITED STATES SHORT OIL FUND |
US9134301046 |
UCLP |
UNIVERSAL COMPRESSION PARTNE |
US9123181029 |
- |
US NATURAL GAS FUND LP |
US9123182019 |
- |
US NATURAL GAS FUND LP |
US9123181102 |
- |
US NATURAL GAS FUND LP |
US9034171036 |
USSPQ |
US SHIPPING PARTNERS LP |
US90290N1090 |
USAC |
USA COMPRESSION PARTNERS LP |
US9033181036 |
USDP |
USD PARTNERS LP |
US91914J1025 |
VLP |
VALERO ENERGY PARTNERS LP |
US91914G1085 |
VEH |
VALERO GP HOLDINGS LLC |
US91913W1045 |
VLI |
VALERO LP |
US92205F2056 |
VNRAQ |
VANGUARD NATURAL RESOU |
US92205F4037 |
VNRCQ |
VANGUARD NATURAL RESOU |
US92205F1066 |
VNRSQ |
VANGUARD NATURAL RESOURCES |
US92205F3047 |
VNGBQ |
VANGUARD NATURAL RESOURCES LLC RED |
KYG9325C1050 |
VTDRF |
VANTAGE DRILLING INTERNATION |
US93964X1063 |
WPG |
WASHINGTON PG INC UNRESTRICTED SHARES |
US95825R1032 |
- |
WESTERN GAS EQUITY PARTNERS |
US9582541044 |
- |
WESTERN GAS PARTNERS LP |
US9586691035 |
WES |
WESTERN MIDSTREAM PARTNERS L |
US95931Q2057 |
WNRL |
WESTERN REFINING LOGISTICS L |
US9604171036 |
WLKP |
WESTLAKE CHEMICAL PARTNERS L |
US96108P1030 |
WMLPQ |
WESTMORELAND RESOURCE PARTNE |
US96949L1052 |
WPZ |
WILLIAMS PARTNERS LP |
US96950F1049 |
WPZ.USD |
WILLIAMS PARTNERS LP |
US96950K1034 |
WMZ |
WILLIAMS PIPELINE PARTNERS L |
US976ESC3018 |
FUR.ESC |
WINTHROP REALTY TRUST - ESCROW |
US97718T1051 |
TONS |
WISDOMTREE COAL FUND |
US97718W1080 |
GCC.USD |
WISDOMTREE CONTINUOUS COMMOD |
US98159G1076 |
WPT |
WORLD POINT TERMINALS LP |
US92930Y1073 |
- |
WP CAREY & CO LLC |
The Irish Tax Authority requires IBKR to collect withholding tax on interest earned in Ireland. This withholding is at a rate of 20% and must be deducted from interest payments to your account.
Please note withholding tax applies to all clients who are resident in Ireland, whether individuals (including partnerships) or companies.
Withholding tax does not apply to clients who are companies in countries that are members of the European Union (excluding Ireland) or companies in countries that have a Double Tax Agreement (DTA) with Ireland.
For other clients in the EU (excluding Ireland) or if you are a non-resident of Ireland but tax resident in a country with a Double Tax Agreement (DTA) with Ireland, you may complete Form 8-3-6, that will reduce or eliminate your withholding tax. In addition to providing your information, you will need to have the form completed by the tax authority in the country where you are a tax resident.
You will require the following information in order to complete Form 8-3-6.
1. Client name (please ensure this matches the name on your IBKR account).
2. Client address.
3. Tax reference number in country of residence.
4. The country in which the client is resident for tax.
5. The rate of withholding tax between the country of tax residence and Ireland (see below).
6. Signature.
7. Date.
On completion of the form, you should submit it to the local tax authority in the country of your residence. The local tax authority must sign and stamp the form. As per below, Form 8-3-6 has been translated into French, German, Spanish, Italian and Dutch.
Once you receive the completed form from your local tax authority, please email a PDF or JPEG copy of the fully signed form to tax-withholding@interactivebrokers.com.
Please note, the withholding tax rate depends on the DTA between Ireland and your country of tax residence which can be found on the Irish Revenue website https://www.revenue.ie/en/tax-professionals/tax-agreements/rates/index.aspx
For your convenience, we have prepared the forms to include items 3 to 5 above for all countries in the European Economic Area (“EEA”). Clients will need to complete the other items in 1 to 7 above.
For clients outside the EEA please use this form when the withholding tax rate is 0% and this form in all other cases.
1. EEA countries with 0% Withholding Tax.
2. EEA countries with rates above 0% Withholding Tax.
|
3. Other countries with a DTA with Ireland (* denotes where there is 0% withholding tax in all situations).
Georgia |
Moldova |
Singapore |
|
Armenia |
Ghana |
Montenegro |
South Africa* |
Australia |
Hong Kong |
Morocco |
South Korea* |
Bahrain* |
India |
New Zealand |
Switzerland* |
Belarus |
Israel |
North Macedonia* |
Thailand |
Bosnia & Herzegovina* |
Japan |
Norway |
Turkey |
Botswana |
Kazakhstan |
Pakistan |
Ukraine |
Canada |
Kenya |
Panama |
United Arab Emirates* |
Chile |
Kosovo |
Qatar* |
United Kingdom* |
China |
Kuwait* |
Russian Federation* |
United States of America* |
Egypt |
Malaysia |
Saudi Arabia* |
Uzbekistan |
Ethiopia |
Mexico |
Serbia |
Vietnam |
|
|
|
Zambia* |
|
|
|
How to overcome the error message "Another user is running Tax Optimizer"?
f. Once you have cleared your Java cache, log back into the Client Portal and try launching Tax Optimizer again. You should now be able to open the application. If you are still not able to launch the Tax Optimizer and you receive the same error as before (Another user is running Tax Optimizer), please perform the additional steps below:
g. Press the key combination Win(Windows Key) + E and navigate to the directory: C:\Users\<your windows user>\ibto
e. Once you have cleared your Java cache, log back into the Client Portal and try launching Tax Optimizer again. You should now be able to open the application. If you are still not able to launch the Tax Optimizer and you receive the same error as before (Another user is running Tax Optimizer), please perform the additional steps below:
h. Compose a New Ticket in the Message Center, informing us of this issue. Please attach the Zip file you created at the previous step (g.) to your ticket
References:
The state of Connecticut imposes a sales and use tax which is applicable to online access to information including all data and access fees.
The tax rate as of 2017 is 1% and is applicable to clients with the state of legal residency of Connecticut or a Connecticut permanent/resident address.
The sales and use tax will be applied to all research and market data subscriptions as well as special connections such as VPN, IB Gateway, Extranet and Dedicated Leased Lines.
The sales and use tax will be passed through to client accounts at the time of the subscription billing. The tax is only applicable if a monthly fee is charged, therefore should an account receive a waiver the sales and use tax will similarly be waived.
Chicago has a personal property tax which applies to a non-possessory computer lease by a Chicago resident. The Chicago tax authorities have ruled that tax is to be applied in cases where a customer pays for electronic research/use of an interactive site. The passive receipt or streaming of information is not subject to the tax.
Clients whose permanent residential address or principal business address is Chicago will have this tax passed through to their accounts.
The tax rate, as of October 2017, is 9%. The tax will be charged on the research and news feeds a client is subscribed to. Should a research and news feed be eligible to a waiver based upon commissions generated, the tax will not be applied.
As of October 2017, research and news subscriptions which would be subject to the tax would include
Base IBIS Research Platform and the IBIS Research Essentials Subscription Bundle
Cusip
Dow Jones News Service
Dow Jones Real Time News
US Press Release Feed
Reuters Global Newswire
Reuters StreetEvents Calendars
Reuters Fundamentals
Reuters Basic Newfeed
Morningstar Equity, ETF and Credit Reports
Wall Street Horizons
Zacks Equity Research Reports
The above list is provided on a best efforts basis and is subject to change. Clients will be responsible for any pass through tax regardless of any discrepancy from the list provided above.
If you have been informed or believe that your account profile contains an incorrect US SSN/ITIN, you may simply log into your Account Management to update this information. Depending on your taxpayer status, you can update your US SSN/ITIN by modifying one of the following documents:
1) IRS Form W9 (if you are a US tax resident and/or US citizen holding a US SSN/ITIN)
2) IRS Form W-8BEN (if you are a Non-US tax resident holding a US SSN/ITIN)
Please note, if your SSN/ITIN has already been verified with the IRS you will be unable to update the information. If however the IRS has not yet verified the ID, you will have the ability to update through Account Management.
How to Modify Your W9/W8
1) To submit this information change request, first login to Account Management
2) Click on the Settings section followed by Account Settings
3) Find the Profile(s) section. Locate the User you wish to update and click on the Info button (the "i" icon) to the left of the User's name
4) Scroll down to the bottom where you will see the words Tax Forms. Next to it will be a link with the current tax form we have for the account. Click on this tax form to open it
5) Review the form. If your US SSN/ITIN is incorrect, click on the UPDATE button at the bottom of the page
6) Make the requisite changes and click the CONTINUE button to submit your request.
7) If supporting documentation is required to approve your information change request, you will receive a message. Otherwise, your information change request should be approved within 24-48 hours.
Background
IMPORTANT NOTE: We do not provide tax, legal or financial advice. Each customer must speak with the customer’s own advisors to determine the impact that the Section 871(m) rules may have on the customer’s trading activity.
The Common Reporting Standard (CRS), referred to as the Standard for Automatic Exchange of Financial Account Information (AEOI), calls on countries to obtain information from their financial institutions and exchange that information with other countries automatically on an annual basis. The CRS sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions. For more information about CRS, please visit the OECD website.
Interactive Brokers entities comply with the requirements of CRS as implemented in the jurisdictions where they are located, and report account information to the applicable government authorities. Clients reported by Interactive Brokers under CRS will receive a CRS Client Report in the Client Portal shortly after the reporting deadlines specified below. The CRS Client Report provides an overview of the information that was reported by Interactive Brokers.
This guide contains instructions for a Trust to complete the online tax information and to electronically submit a W-9 or W-8BEN.
Your U.S. income tax classification determines the tax form(s) required to document the account.
You must login to Account Management with the trust's primary username to access the Tax Form Collection page.
a. Click Manage Account > Account Information > Tax Information > Tax Forms.
Introduction
Interactive Brokers (“IB”, “we” or “us”) is required to collect certain documentation from clients (“you”) to comply with U.S. Foreign Account Tax Compliance Act (“FATCA”) and other international exchange of information agreements.
This guide contains a series of flowcharts and accompanying notes that summarize IRS rules relating to:
1. The tax classification for purposes of determining which W-8 or W-9 tax form an entity is required to complete; and
2. The FATCA classification required of entities completing the W-8 tax form (Part I, Section 5).
Note: The flowcharts and notes contained herein do not cover every possible scenario and other scenarios not presented here exist and may more closely align with your situation. You should consult a tax professional regarding your particular circumstances if you are still unsure of your U.S. entity and/or FATCA classification after reading this guide.
What is NOT Covered in this Guide
The guide is directed to non-U.S. entities that (i) are the beneficial owners of the payments made to the account and (ii) are not financial institutions. This guide does not apply to:
• Individuals (use W-9 or W-8BEN)
• U.S. entities (use W-9)
• Entities acting as an intermediary (such as a nominee, broker, custodian, investment advisor) on behalf of another person (use W-8IMY).
• Non-U.S. Tax-Exempt Organizations and Private Foundations
• Financial Institutions
Note: The U.S. entered into bilateral agreements called Intergovernmental Agreements (IGAs) with many countries regarding the implementation of FATCA. In some cases, the provisions of an applicable IGA could modify the results described in this guide. Entities are covered by an IGA should refer to the IGA and/or consult a tax professional for their filing requirements.
1. U.S. Tax Classification
Your U.S. income tax classification determines the tax form(s) required to document the account. The flow chart below may help you determine your tax classification and the tax form to be completed.
Important: The U.S. imposes income tax on its residents’ worldwide income. On the other hand, nonresidents are only subject to withholding tax on certain limited types of US source investment income (dividends from U.S. companies, etc.). Completion of a W-8 series tax form certifies you are NOT taxable as a U.S. resident. A W-8 form may also be used to claim a reduced rate of withholding tax under a U.S. income tax treaty.
Flowchart for Determining Tax Classification and Required Tax Form (Non-Trust Entities)
Flowchart for Determining Tax Classification and Required Tax Form (Trusts)
2. FATCA Classification
The W8 tax forms are also used to collect FATCA classifications. Many countries have executed “Intergovernmental Agreements (IGA)” with the U.S. requiring its local financial institutions to classify its customers for FATCA purposes. The classification rules under an IGA may not exactly match the classification rules established by the IRS. Other institutions have agreed with the IRS to become FATCA compliant and determine their customers’ FATCA classifications under the IRS rules. We are required to collect this information. The flowchart below applies the IRS default FATCA classification rules and is general in nature. The flowchart is accompanied by sample W-8BEN-E screenshots for a common account structure: a non-U.S. corporation classified for FATCA purposes as a Passive Non-Financial Foreign Entity (NFFE), which qualifies for treaty witholding rates.
Note: It is important to recognize many organizations meet the qualifications for multiple FATCA types and you must select the most appropriate classification. Your specific situation may not fall within the general guidance. We recommend you seek your own independent advice as we are not in a position to make this determination for you and the rules are complex.
Flowchart for Determining FATCA Classification
Example: A corporation is a common form of entity ownership, involving two or more owners with none having any personal liability for the debts of entity. As outlined in the Tax Classification flowchart above, an entity of this type would be required to complete the W-8BEN-E. Assuming the corporation is not classified as a Foreign Financial Entity (e.g. bank, broker, investment manager, hedge fund, mutual fund, insurance company) as discussed in footnote 5 below, then its FATCA classification would be Passive NFFE. Screenshots of the W-8BEN-E for this sample entity are provided below.
Sample Screenshots - W-8BEN-E (Passive NFFE)
Footnotes
1 The US Internal Revenue Service (IRS) established rules for determining the tax classification of entities formed outside the United States. These rules apply regardless of how the entity is classified in its country of organization or residency.
Generally corporate entities are treated as the beneficial owners of an account and should complete a W-8BEN-E and select “corporation” unless they elect otherwise (discussed below).
IRS regulations assign a default classification to each entity type. This default classification may be overridden by making a filing with the IRS and obtaining an US employer identification number. Certain entities cannot change their classification and are treated as corporations in all events (e.g., Sociedad Anonima, Public Limited Company and Aktiengesellschaft). A complete list may be found at US Treasury Regulation Section 301.7701-2(b)(8).
The IRS default classification usually depends on (i) the number of owners and (ii) whether any owner is personally liable for the debts of the entity based on the organizing statute (i.e., bank guarantees or other contractual agreements by owners are ignored). The following table summarizes the default rules:
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Number of Owners
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Owners have Limited Liability?
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Yes?
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No?
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1 Owner
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Corporation
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Disregarded Entity
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2+ Owners
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Corporation
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Partnership
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Note: Since the entity tax classification of a disregarded entity is determined by its owner, a US disregarded entity may find the flowchart helpful if the owner is a non-US entity.
A fiscally transparent entity (such as a partnership, simple trust or grantor trust) using IRS Form W-8IMY must provide IRS tax forms for all of its beneficial owners (partners in a partnership, beneficiaries for a simple trust and settlors for a grantor trust) for the account to be documented for US tax purposes.
Certain unit investment trusts (generally where there is an ability to vary the investments) are not considered trusts for US tax purposes. These investment trusts are treated in the same manner as a traditional business entity under the rules discussed above (i.e., corporation, partnership or disregarded entity).
Finally, a trust (other than a unit investment trust treated as a business entity) is considered a non-US trust for US tax purposes if (1) a court outside the United States is able to exercise primary supervision over the administration of the trust, and (2) any non-US person has the ability to control (or veto) any “substantial decision” of the trust.
The flowchart assumes that the default entity classification rules apply and the entity is not a per se corporation.
2 A partnership or simple or grantor trust may enter into a withholding agreement with the IRS pursuant to which the partnership or simple or grantor trust agrees to withhold US taxes on the account. The flowchart assumes no withholding agreement was executed.
3 In general, US tax treaty benefits are granted to the beneficial owner of the income determined under US tax principles. For fiscally transparent entities (such as partnerships, simple or grantor trusts or disregarded entities), this means the owners of the entity, NOT THE ENTITY ITSELF, claim US tax treaty benefits. These benefits are claimed on the beneficial owners’ W8 tax forms. However in certain limited cases, an entity may be considered fiscally transparent for US tax purposes but not fiscally transparent by the country with which the US has an income tax treaty. This type of an entity is called a “hybrid entity.” In certain cases, a hybrid entity, not the owners, may claim US tax treaty benefits if the hybrid entity meets the so-called qualified resident test under the applicable tax treaty. A qualifying “hybrid entity” claims the benefits of a US tax treaty by providing a Form W-8BEN-E, in addition to the form required by the flowchart. Importantly, electing hybrid status does not eliminate the need to document all beneficial owners. We note it is unusual for a hybrid entity to claim treaty benefits. The more common scenario is the beneficial owners claim treaty benefits on their tax forms.
4 The rules for classifying trusts are difficult and complex. The flowchart applies generalized rules only. There are many nuances to be considered when classifying a trust which are not addressed in the flowchart. For example, simple trusts cannot have charitable beneficiaries.
5 What is a foreign financial institution for FATCA purpose?
The various FATCA classifications can be broken down into two major categories: foreign financial institutions (FFI) and non-financial foreign (NFFE). Very generally, a financial institution is an entity that is a:
• Depository Institution
• Custodial Institution
• Investment Entity
• Insurance Company that issues certain cash value insurance or annuity contracts.
An FFI typically is required to register with the IRS, obtain a Global Intermediary Identification Number and report on its customers / owners to the appropriate tax authorities. If the entity does not meet the definition of a Financial Institution, it is considered an NFFE and covered by this guide book.
Subject to variations under IRS regulations and intergovernmental agreements:
• a Depository Institution is an institution that accepts deposits in the ordinary course of a banking or similar business. This includes banks and credit unions.
• a Custodial Institution is an institution which holds financial assets for the account of others as a substantial portion of its business. This includes brokers, custodial banks, trust companies, clearing organizations, etc.
• an Investment Entity is any entity if either
(i) the entity generates 50%+ of its gross income from (i) trading in money market instruments, foreign currency, transferrable securities, interest rates, futures, etc.; (ii) portfolio management or (iii) otherwise investing, administering or managing funds or financial assets on behalf of other persons (generally, broker-dealers and investment managers);
or
(ii) 50%+ of the entity gross income is attributable to investing, reinvesting, or trading in financial assets AND it is managed by a Financial Institution (mutual funds, hedge funds, and collective investment vehicles are examples);
or
(iii) the entity holds itself out as an entity created to invest, reinvest, or trade invest in financial assets (mutual funds, hedge funds, and collective investment vehicles are examples).
An individual cannot be an FFI. Thus, an organization managed by a professional individual investment advisor (as opposed to an employee of an organization) would not be considered an Investment Entity under (ii) above because it is not managed by a financial institution.
Trusts, family investment companies and funds may fall within the definition of an Investment Entity when they are professionally managed by a financial institution – i.e. where a financial institution handles the day-to-day functions of the entity or has discretionary authority over the fund.
Example: Individual created a non-US Trust A and appoints X, a non-US bank or other financial institution, as the trustee. X, as trustee, is responsible for the management and administration of Trust A. Trust A is an Investment Entity and a Foreign Financial Institution because it is managed by a Foreign Financial Institution.
Example: Individual created a non-US Trust A and appoints Y, an individual professional manager, as the trustee. Y, as trustee, is responsible for the management and administration of Trust A. Trust A is not an Investment Entity or a Foreign Financial Institution because it is not managed by a Foreign Financial Institution. Individuals cannot be financial institutions.
6 The IRS has a list of countries with which it has executed intergovernmental agreements (IGAs) to authorize the implementation of FATCA in that jurisdiction. The list of IGAs can be found at https://www.treasury.gov/resource-center/tax-policy/treaties/Pages/FATCA....
7 See #4 for the definition of Financial Institution. An organization that is not considered a financial institution is considered a non-financial foreign entity (NFFE). There are 3 types of NFFEs; Excepted, Active and Passive. An Active NFFE is an operating business where less than 50% of (i) its gross income is considered passive income and (ii) its average assets are held for the production of passive income. Any NFFE that is not Excepted or Active is a Passive NFFE and must provide us with a certification of its substantial US owners (if any) – generally 10%+ direct or indirect ownership. Some IGAs modify the means of substantial US owners and refer to them as Controlling Persons.
8 Other possible choices include nonfinancial group entity, excepted nonfinancial start-up company, excepted non-financial entity in liquidation or bankruptcy, publicly traded NFFE or sponsored NFFE. See the instructions to the W-8 for further information.
Disclaimer
This guide does not constitute tax or legal advice and Interactive Brokers cannot advise you on how to complete IRS Forms W-8. Examples included in this guide are for illustration only and do not address all possible scenarios. Please consult your tax professional if you are unsure how to complete IRS Forms W-8.