Capital gains calculation
Tax-Wizard makes it easy to calculate and report your capital gains for Revolut, Degiro, eToro, XTB, Trading212, Interactive Brokers, and Lightyear. Our platform uses the First In First Out (FIFO) or Average Cost Basis methods, both are available to be chosen. Dividends are not included in these values, and fees such as Revolut, Degiro, eToro, XTB, Trading212, SEC, and TAF may not be removed. Dividends are calculated separately and in a specific section.
To ensure accuracy, it is important to provide a complete and unmodified statement file that includes every month of your trading history, including previous years. The algorithm groups and reports capital gains per year based on the submitted statement.
All calculations are done in USD and values can be converted to and from any of the following currencies: BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, NOK, SEK, RON, USD, JPY, KRW, CNH, HRK, RUB, BRL.
With Tax-Wizard, you can quickly and easily calculate and report your capital gains, giving you peace of mind and confidence in your tax compliance.
Recognized Activity Types
Activities related to cash-in and cash-out are ignored as they do not change the value of your capital-gains
- BUY - stock purchase
- SELL - stock sale
- DIV - dividends
- DIVROC - Dividend return of capital
- DIVFT - Dividend adjusted (Foreign Tax Withheld)
- DIVNRA - dividend adjusted (NRA Withheld)
- DIVFC - dividend adjusted (Foreign Tax Withheld)
- MA - Merger/Acquisition
- MAS - Merger/Acquisition
- MAC - Merger/Acquisition
- SC - Symbol change
- SSP - stock split
- SSO - stock spinoff
- CIL - cash in lieu
If you have an activity on your statement outside the recognized activity types contact us and we will include it.
Dividends
Sum of all dividends received during the period included in the statement submitted - taxes have already been removed.