Hi,
I am a Canadian with an IBKR entity account for my small business. I purchased UGL ETF last year, made some profit and sold all shares. I recently received K1 (Form 1065) for this trade. You can find the K1 as attachment. Does anyone know if I have to file tax with IRS because of this.
Thank you,
Maggie
Hi All,
I have an entity account with IBKR for my small business, and my fiscal year end date is Apr. 30 every year. I have definitely disposed some stocked between Jan. 01 and Apr. 30 2026, and I would expect that I need to include them (gain, losses) in my fy2025 tax reporting. However, I don't find T5008 for these trades in IBKR. Anyone know when IBKR will have them? If IBKR doesn't generate them till early 2027, am I expected to file them in fy2025 tax returns?