Withholding on Publicly Traded Partnerships (“PTPs”) Effective Jan 2023

Background: 

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

 

 

Information on Irish Interest Withholding

概観: 

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.

 

Austria

Denmark

Hungary

Netherlands/Formulier 8-3-6. Rente

Croatia

Finland

Iceland

Slovakia

Czech Republic

France/Form 8-3-6. Intérêts

Luxembourg

Spain/Formulario 8-3-6. Intereses

Cyprus

Germany/Formular 8-3-6. Zinsen

Malta

Sweden

 

2.       EEA countries with rates above 0% Withholding Tax.

 

Belgium

Greece

Lithuania

Romania

Bulgaria

Italy/Modulo 8-3-6. Interessi

Poland

Slovenia

Estonia

Latvia

Portugal

 

  

3.              Other countries with a DTA with Ireland (* denotes where there is 0% withholding tax in all situations).

  

Albania *

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*

 

 

 

 

 

 

納税者ステータスの実証 - 米国に住所を持つ非米国人

米国内国歳入庁は通常、米国と特定の関連性を持つ個人を米国納税者とみなし、この場合にはIRS Form W-9のご記入と、弊社への米国の社会保障番号のご提出が必要になります。

米国との関連性とみなされる一般的な基準には、米国における居住地住所および郵便物送付先住所があることが挙げられます。 これらの住所を持つ個人は米国納税者とみなされ、米国との関連性として認められている条件のいずれかに当てはまらない限り、Form W-9の提出が求められます。 条件には下記が含まれます:

(A)   米国財務省の既定301.7701(b)-1(c) に記載される米国の納税上居住者としての「実質滞在テスト」(substantial presence test)を満たしておらず、 米国における住所が

o    第二の居住地(休暇のための家など)である。
o    自身(または複数)の所有するビジネスのためのものである。
o    より信頼でき、かつ確実な郵便物配送のために[条約国を記入] にある私/私達の住所に郵便物の転送をしてくれる受取人の住所である。
o    その他(詳細が必要です)
 
「実質滞在テスト」 を利用する個人は、今年と前年の各期間に米国に滞在した日数を、今年の残りの期間に米国に滞在する予定の日数も含めて記入する必要があります。  


(B) 米国財務省の既定§ 301.7701(b)-2に記載される密接な関連性の例外に該当し、 米国における住所が
 
o    第二の居住地(休暇のための家など)である。
o    自身(または複数)の所有するビジネスのためのものである。
o    より信頼でき、かつ確実な郵便物配送のために[条約国を記入] にある私/私達の住所に郵便物の転送をしてくれる受取人の住所である。
o    その他(詳細が必要です)
 
このサブ項目 (B)が適用となるとする個人は、自分が密接な関連性を持つ国を指定し、またその関連性がどのように確立されたかを明確にする必要があります。より密接な関連性テストおよびこれの適用に関する詳細は、IRS Tax Form 8840をご参照いただくか、専門の税理士にご確認ください。


(C) 米国の機関における学生、教師、または研修生として米国に居住する場合。米国の移民・関税執行局の発行するビザ、F、J、MまたはQのコピーの提出が必要になります。


(D) 外交官として米国に居住する場合。米国の移民・関税執行局の発行するビザ、AまたはG(A-3またはG-3以外)のコピーの提出が必要になります。

(E) 米国に滞在しており、上記(C)または(D)に記載される人物の配偶者、または21歳未満の未婚の子供である場合。ビザのコピーの提出が必要になります。

注意事項: 上記の例は、米国との関連性として認められる唯一の状況ではありません。どの例にも当てはまらないものの非納税者であると思われる場合には、非米国ステータスを裏付ける説明の提出が必要になります。

How to solve: "Another user is running Tax Optimizer"

Background: 
How do I launch the Tax Optimizer?
To launch Tax Optimizer, login to Client Portal and select Reports followed by Tax Documents. Once you have selected a Day, click on Launch Tax Optimizer. For additional details, please consult the Client Portal Users' Guide
 
Requirements:
  • Tax Optimizer requires the presence of a Java Runtime Environment (JRE) installed on your machine. Should you not have a JRE installed, please go to the web page java.com and install the latest one by clicking the button "Free Java Download". Please follow the instructions on the Java download page to complete the installation.
  • Your operating system should be configured to open the .jnlp files within the Java Runtime Environment. This configuration should be automatically set during the JRE installation. If, for some reason, the file association is broken, we recommend to reinstall the JRE to instate it again.

 

How to overcome the error message "Another user is running Tax Optimizer"?

1. Log in to the IBKR Client Portal
 
2. Click the "Profile icon" in the upper right corner of the IBKR Client Portal and click on Log Out
 
3. Continue selecting one of the two options according to your operating system:

 

If you use Windows

a. Press CTRL + ESC on your keyboard
 
b. Start directly typing the word "Java" and then click on Configure Java from the search results
 
c. In the Java Control Panel, click on Settings...
 
d. Click on the Delete Files...
 
e. This will open Delete Files and Applications window. Check all options listed, then click on OK
 

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

 
h. Select all files in the ibto folder, right-click on the selection and choose Send to > Compressed (zipped) folder. The zipped file will be created in the same ibto directory
 
i. Compose a New Ticket in the Message Center, informing us of this issue. Please attach the Zip file you created at the previous step (h.) to your ticket
 
 
 

If you use Mac OS

a. Click on Apple icon on the top left and select System Preferences
 
b. Click on the Java icon located at the bottom to open the Java Control Panel
 
c. In Java Control Panel, navigate to Web Settings > Temporary Files Settings, then click on Delete Files
 
d. This will open the Delete Files and Applications window. Check all options listed, then click on OK
 

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:

 

f. Press the key combination CMD + SHIFT + H, then go to folder ibto
 
g. Select all files in the ibto folder, right-click and select Compress 6 ItemsThe zipped folder will be created in the same directory
 

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:

 

税金: 非米国人および非米国企業: Form 1042-S

Form 1042-Sは、課税年度中に非米国人であるお客様の口座に支払われた、米国源泉の金利、配当金、これの代わりとなる所得および諸費用を含め、米国源泉税対象となる所得に関する報告です。 異なる種類の所得報告のために、複数の1042-Sフォームをお受取りいただく可能性があります。 

この情報はIRSにも報告されます。所得はそれぞれボックス1のコードを記入の上、個別のフォームで報告されます。共通コードは以下のようになります:

 

Circular 230に関する通知: これらのステートメントは情報提供目的のみであり、税務助言や連邦税、州税、その他の地域の税制罰則や規制罰則体側のために提供されたものではありません。

Connecticut Sales and Use Tax

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 Personal Property Tax

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.

 

配当同等支払に対する源泉徴収税 - FAQ

背景

2017年1月1日より、米国株のデリバティブポジションを保有する非米国人に支払われる米国配当同等支払に対し、IRSの新しい規制による米国源泉徴収税の義務化が開始されます。これまでこういった支払に対する源泉徴収税の義務はありませんでした。この規制により弊社の様な仲介業者にも源泉徴収義務が発生し、IRSに代わって米国税の徴収が求められるようになりました。 納税義務の判断、またこれにより影響を受ける商品に関する概要は以下をお読みください。
 
概要
この規制の目的は何ですか?
この規制は米国の内国歳入法セクション871(m)に由来し、米国株の配当およびこういった株の所有を意味する(多くの場合)配当同等支払に関連して非米国人に義務とされる米国課税措置の調整を目的としています。
 
例としてはIBMを原資産とするトータル・リターン・スワップが挙げられます。  IBM株のポジションを保有する非米国人への配当同等支払に対して適用される米国源泉徴収税は30%(租税条約により減税)になりますが、セクション871(m)が導入される以前にスワップでIBMポジションを保有していた非米国人には、配当同等支払に対する源泉徴収税の適用はありませんでした。  支払に対するエクスポージャーが配当に対するものと同様であっても状況に変わりはありませんでしたが、 セクション871(m)の導入により、「配当同等支払」も米国源泉徴収税の対象とみなされるようになりました。
 
配当同等支払とは何ですか?
配当等同支払とは、米国株に対する配当支払を参照するすべての総額を指し、これより株を保有する人物に支払われる、またはこの人物より支払われる正味金額が計算されます。株を保有する人物が保有しない人物に支払を行う、または支払がゼロの場合でも同様に扱われます。 このためこういった支払には配当の代わりとなる実際の支払だけでなく、1つ以上の取引条件を算出する際に暗黙的に考慮される金利、想定元本または購入金額を含める予想の配当支払も含まれます。
 
米国株のコール・オプションを例に取ると、配当権利落ち日前にオプションが権利行使されない場合、コール保有者は配当を受取る対象になりません。こういった状況に関わらず、オプション購入のために保有者が支払うプレミアムには、オプション期間を通して予想される配当の現時点での価値が暗黙的に考慮されます。[1]これはオプション買い手から売り手への支払を減少させる要因となるため、規則の対象となりえる配当同等支払とみなされます。
 
どういった人が配当同等支払に対する源泉徴収税の対象になりますか?
この税は非米国人の口座に保有されるポジションで適格とみなされるものに適用されます。米国納税者はこの対象にはなりません。 非米国人の口座は通常、米国歳入庁W-8フォームの提出によって証明され、個人、ジョイント、組織およびトラストタイプの口座を含めることができます。
 
どういったデリバティブ銘柄が配当同等支払に対する源泉徴収税の対象となる可能性がありますか?
デリバティブ銘柄がこの規則の対象となるかどうかを判定するには、2部からなるテストが導入されます。 デリバティブ銘柄は先ず米国株式における配当を参照する必要があります。例には下記が含まれます:
-          株式オプション
-          規制下にある個別株先物
-          指数先物で規制下にある指数先物および指数オプション
-          仕組みおよび上場投資証券
-          CFDコントラクト
-          転換社債
-          有価証券の貸借取引
-          カスタムバスケットのデリバティブ、および
-          ワラント
 
原資産が米国株式の場合です。銘柄の取引される取引所およびカウンターパーティーが規則の適用に影響することはありません。デリバティブは上場、店頭取引、米国内またはそれ以外で取引されるかどうかに関わらず、規則の対象となります。
 
また、デリバティブ銘柄は発行時の原資産米国株の経済状況を十分に再現している必要があります。 これは規則がデルタ(単純なコントラクトの場合)および実質的同等性テスト(複雑なコントラクトの場合)を見て決定します。
 
デルタはデリバティブが参照する米国株公正市場価格の変動に対する、このデリバティブ銘柄の公正市場価格の変動の割合を計算する相関測定です。  通常はこの規制を目的として、デルタはデリバティブ銘柄の存在期間中に一回のみ、その「発行時」に決定されます。 原資産有価証券の公正市場価格の変動時や、 流通市場でデリバティブ銘柄の再売却によって再計算されることはありません。
 
大方のコントラクトに適用される規則は以下のようになります:
·         2017年以前 – 2017年1月1日以前に発行されたデリバティブ銘柄(2016年12月31日の時点でお客様が弊社で保有されていたものすべて)は、今回の源泉徴収規則の対象になりません。
·         2017年 - 2017年に発行されたデリバティブ銘柄で発行時のデルタが1.0のものは、今回の源泉徴収規則の対象になる可能性があります。
·         2017年以降 – 2017年12月31日以降に発行されたデリバティブ銘柄で発行時のデルタが0.8のものは、今回の源泉徴収規則の対象になる可能性があります。
デリバティブが「複雑」と分類される場合には、デルタテストではなく、実質的同等性テストが適用されます。 
 
デリバティブ銘柄はいつ発行されるのですか?
デリバティブ銘柄の発行時の確認は大変に重要です。これにより銘柄が規則の対象となるか(2017年以前に発行のものは対象にはなりません)ということと、デルタ算出の時期が決定されます。  銘柄は一般的にその存在が始まった時点、開始日または元の発効日を「発行時」とします。流通市場に再売却される際に発行されることはありません。
 
この結果、上場オプション、先物、その他の取引所取引商品および店頭取引商品に対しては、異なる発行規則が存在します。 例えばある米国の取引所で取引される上場オプションは、取引可能として取引所に始めて上場される際には発行されません。そのかわり、この上場オプションは顧客に入札された際に発行されます(デルタが決定されます)。これとは逆に、上場投資証券や転用社債、またはワラントなどの譲渡可能なデリバティブは、最初の売却時に発行されます。 この時に決定されるデルタは、次の購入者に売却される際に持ち越されます。 
 
例外はありますか?
規則には源泉徴収に関する例外も幾つかあります。例には以下が含まれます:
•        「適格指数」を参照とするデリバティブ銘柄 - 通常はS&P 500やNASDAQ 100、またはRussell 2000などの、公的に入手可能なパッシブおよびブロード指数。
•        米国株の構成が少ないまたはない指数を参照とするデリバティブ銘柄 – Hang Seng Indexなど。
•        非米国人が原資産有価証券を直接保有した場合に、配当等同支払(またはその一部)が米国源泉徴収税の対象とならない場合。 これはキャピタルゲイン分配またはキャピタルのリターンとしてリキャラクタリゼーションされる、米国投資信託、REITS、および上場投資信託のデリバティブ銘柄に一番頻繁に発生します。
 
規則が適用される場合とされない場合の例を教えてください。
•        2017年1月2日に、IBMの個別株先物を購入します。先物のデルタは1.0です。 先物は規則の対象となります。
•        2016年12月28日に、OCC参加取引所に上場されるIBMのイン・ザ・マネーオプションを購入します。先物のデルタは1.0です。 オプションは2017年以前に発行されているため、規則の対象になりません。
•        2017年1月15日に、ナロー・べース指数の指数先物を購入します。この指数が「適格指数」ではないと想定します。先物は規則の対象となります。
•        2017年1月2日に、デルタが1.0で米国株をトラックする上場投資証券を購入します。証券は2016年7月1日に発行されています。 オプションは2017年以前に発行されているため、規則の対象になりません。
 
配当同等源泉徴収税はどのように算出されますか?
デリバティブ銘柄が新規のセクション871(m)の対象となる場合の銘柄に関する配当同等支払は、原資産となる米国株1株あたりの配当金、掛ける銘柄の参照とする原資産株の数量、掛けるデルタに相当します。(例:ある株の100株を保有するオプション・コントラクトで配当金が$1.00、デルタが.80の場合、配当同等支払が$80.00となり、これが税金の対象となります。
 
複雑なデリバティブ・コントラクトの場合、配当同等支払は原資産1株あたりの配当、掛けるコントラクト発行時に計算された原資産に同等するコントラクトのヘッジに相当するものとなります。
 
デルタ決定に際し、コントラクトはどのように組み合わされますか?
2018年よりのデルタの.80値を超えないロングコールなどのデリバティブ銘柄を購入されるお客様で、その2日以内に同原資産で同数量のプットを売却される方は、これらポジションを組み合わせた上で、制限を越えていないかどうかの判断がされます。
 
2017年中はデルタ値1.0銘柄作成を目的として組み合わされる可能性のある商品は、店頭取引商品のみです。 
 
影響を受けるポジションに関し、クライアントにはどういった情報を提供するべきですか?
源泉徴収税の影響を最小限に抑えるため、TWS警告メッセージの配信を予定しています。このメッセージは非米国人のお客様が税金対象となる注文を作成する際に送信されます。 これにより注文をキャンセルして源泉徴収税を避けるか、注文を発注して配当金発生の際に税金をお支払いただくかの選択ができるようになります。該当する期日(通常は配当の基準日)にデリバティブを保有していない場合、源泉徴収税を避けることができる可能性があります。
 
 

重要な注意点: 弊社では税金、法律または財務に関するアドバイスは行っておりません。セクション871(m)による取引活動への影響の可能性は、専門のアドバイザーにご確認ください。


[1] コールオプションの保有者が配当を受取ることはありませんが、オプション保有者が支払うプレミアムには予想配当が考慮されています。(権利落ち日における株価は配当額分減少することが予想されるため、現金配当はコールプレミアムの減少を暗示します)

How to update the US Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) on your account

Background: 

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.

Withholding Tax on Dividend Equivalent Payments - FAQs

Background

Beginning January 1, 2017, new IRS regulations will impose U.S. withholding taxes on US dividend equivalent payments to non-US persons holding derivative positions on US equities. Previously, US withholding tax was not imposed on these payments. The regulations require intermediaries, such as us, to act as withholding agents and collect US tax on behalf of the IRS. An overview of the tax, how it’s determined and the products impacted is provided below.
 
Overview
What is the purpose of the regulation?
The regulation derives from Section 871(m) of the Internal Revenue Code and is intended to harmonize the US tax treatment imposed on non-U.S. persons with respect to dividends on U.S. stock and dividend equivalent payments paid on derivative contracts that replicate (to a high degree) ownership of such stock.
 
An example of this would be a total return swap having IBM as its underlying.  A non-U.S. person holding an IBM stock position would be subject to a 30% US withholding tax (reduced by treaty) on dividend payments. On the other hand prior to the implementation of Section 871(m), a non-U.S. person holding long exposure to IBM on the swap could receive payments equivalent to the dividends without imposition of U.S. withholding tax. This was the case even though the payments replicated similar economic exposure. Section 871(m) now considers those ‘dividend equivalent payments’ subject to US withholding tax.
 
What is a dividend equivalent payment?
A dividend equivalent payment is any gross amount that references the payment of a dividend on a U.S. equity and that is used to compute any net amount transferred to or from the long party, even if the long party make a net payment to the short party or the net payment is zero. Accordingly, such payments would include not only an actual payment in lieu of a dividend but also an estimated dividend payment that is implicitly taken into account in computing one or more of the terms of the transaction, including interest rate, notional amount or purchase price.
 
In the case of a listed call option on a U.S. stock, for example, the holder of the call is not entitled to receive a dividend unless the option is exercised prior to the dividend ex-date. Nonetheless, the premium paid by the holder to purchase the option implicitly takes into account the present value of the expected dividends over the option term.[1] Since this factor serves to lower the payment from the option buyer to the seller, it is viewed as a dividend equivalent payment potentially subject to the rules.
 
Who is subject to the dividend equivalent withholding tax?
The tax applies to qualifying positions held in an account of a non-U.S. taxpayer. It does not apply to U.S. taxpayers. Accounts of non-U.S. taxpayers generally are evidenced by the submission of an IRS Form W-8 and can include the following account types: individual, joint, organization and trust.
 
What derivative instruments potentially are subject to the dividend equivalent withholding tax?
The regulations adopt a two-part test to determine if a derivative instrument is subject to the rules. First, the derivative instruments must reference the dividend on a U.S. equity security. Examples include:
-          equity options
-          regulated single stock futures
-          regulated index futures and options on index futures
-          structured and exchange traded notes
-          CFD contracts
-          convertible bonds
-          securities lending transactions
-          derivatives on custom baskets and
-          warrants
 
If the underlying position is a U.S. equity. The exchange upon which the instrument is traded and the identity of the counterparty do not affect the application of the rules. That is, a derivative can be subject to the rules, whether it is exchange listed or over the counter or trades in the United States or overseas.
 
Second, the derivative instrument must substantially replicate the economics of the underlying U.S. equity at the time of issuance. The rules look to delta (for simple contracts) and a substantially equivalency test (for complex contracts) to make this determination.
 
Delta is a correlation measurement that computes the ratio of the change in the fair market value of the derivative instrument to a change in the fair market value of the U.S. equity referenced by the derivative.  In general, for purposes of this regulation, delta is only determined once over the life of the derivative instrument – at the time it is ‘issued’. It is not recomputed as the fair market value of the underlying security changes or when the derivative instrument is re-sold in the secondary market.
 
For most contracts, the rules are as follows:
·         Pre-2017 – a derivative instrument issued prior to January 1, 2017 (i.e., anything held by a customer with us on December 31, 2016) is not subject to the new withholding tax rules.
·         2017 - a derivative instrument issued in 2017 is potentially subject to the new withholding tax regime if the delta at the time of issuance is 1.0.
·         After 2017 – a derivative instrument issued after December 31, 2017 is potentially subject to the new withholding tax rules if the delta at the time of issuance is 0.8 or greater.
If the derivative is classified as “complex,” the delta test does not apply and instead the substantial equivalency test applies. 
 
So When Is a Derivative Instrument Issued?
Identified when a derivative instrument is issued is very important. It determines if the instrument is subject to the rules (pre-2017 issued instruments are not) and when the delta computation is made. In general, an instrument is ‘issued’ when it comes into existence, its inception date or date of original issuance. Instruments are not issued when re-sold in the secondary market.
 
As a result, there are differences in the issuance rules for listed options, futures, other exchange traded products and over-the-counter products. For example, a listed option traded on a US exchange, generally, is not issued when first listed by an exchange as available for trading. Instead, the listed option is issued (delta determined) when the option is entered into by the customer. On the other hand, for transferable derivatives, such as exchange traded notes, convertible bonds and warrants, they would be issued only when first sold. The delta determined at that time would carryover when sold to a subsequent purchaser. 
 
Are There Any Exceptions?
The rules do provide limited exceptions to withholding. These include:
•        a derivative instrument that references a “qualified index” - generally, a passive broad publicly available index on U.S. equities such as the S&P 500, NASDAQ 100 or Russell 2000.
•        a derivative instrument that references an index with little or no U.S. equity composition – such as the Hang Seng Index.
•        if the dividend equivalent payment (or portion thereof) would not be subject to U.S. withholding tax if the non-US person owned the underlying security directly. This most often will occur for derivative instruments on U.S. mutual funds, REITs and exchange traded funds that pay ‘dividends’ which are re-characterized as capital gain distributions or returns of capital.
 
Can you provide some examples of when the rules will or will not apply?
•        Customer purchases single stock futures on IBM on January 2, 2017. The delta of the future is 1.0. The future is subject to the rule.
•        Customer purchases a deep in the money OCC listed option on IBM on December 28, 2016. The delta of the future is 1.0. The option is not subject to the rule as it was issued prior to 2017.
•        Customer purchases index future on a narrow based index on January 15, 2017. Assume the index is not a ‘qualified index.’ The future is subject to the rule.
•        Customer purchases an exchange trade note that tracks U.S. equities on January 2, 2017 with a delta of 1.0. The note was issued on July 1, 2016. The option is not subject to the rule as it was issued prior to 2017
 
How is the dividend equivalent withholding computed?
If the derivative instrument is subject to the new Section 871(m), a dividend equivalent payment with respect to such instrument equals the per share dividend on the underlying U.S. equity, multiplied by the number of underlying shares referenced by the instrument, multiplied by the delta (e.g., an option contract delivering 100 shares of a stock paying $1.00 dividend and having a delta of .80 would be subject to a tax based upon $80.00 dividend equivalent payment).
 
In the case of a complex derivative contract, the dividend equivalent will be equal to the per share dividend on the underlying, multiplied by the contract’s hedge equivalent to the underlying as calculated when the contract was issued.
 
How are contracts combined for purposes of determining delta?
Starting in 2018, customers who purchase derivative instrument such as a long call having a delta below the .80 threshold and selling a put on the same underlying and same share quantity within 2 days of one another will have those positions combined for the purpose of determining whether the threshold has been exceeded (e.g., the purchase of a long call with a delta of 0.60 coupled with the sale of a put with a delta of .40 would result in a long delta of 1.0).
 
In 2017, only over-the-counter instruments are potentially subject to combination to create a delta 1.0 instrument. 
 
What information do we provide to inform clients about impacted positions?
To minimize exposure to the withholding tax, we intend to provide a TWS warning message will be provided when non-U.S. persons create an order that could generate the tax. This will give customers the option of canceling the order to avoid potential withholding or submitting the order and possibly paying the tax when a dividend occurs. Customers may avoid the potential withholding tax by not owning the derivative on the applicable withholding date (i.e., generally the dividend Record Date).
 
 

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.


[1] While the holder of the call option does not receive a dividend, the premium paid by the holder for the option implicitly takes expected dividends into account (i.e., because the stock price is expected to drop by the amount of the dividend on the ex-dividend date, cash dividends imply lower call premiums).
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