AMMA
Americas Shopping Mall Inc
stock NASDAQ

Hello, if you are already familiar with Sharesight:
- ensure IBKR account is setup to use AUD as base currency. Naturally Sharesight portfolio tax residency should be set to Australia
- setup integration from IBKR account to a Sharesight portfolio. Buy / sell events are automatically fed through, usually during the next US trading day.
- income (dividends / distributions) events are inferred by Sharesight similar to CMC. Income from US ETFs is similar to income from shares, no AMMA tax statement distribution tax components to worry about.
- Sharesight Capital Gains tax report gives you the capital gains / losses figures. Goes into the normal CGT fields in the tax return.
- Sharesight Taxable Income report gives you the ordinary income figures. Gross Amount goes under Foreign Source Income, and Foreign Tax Withheld goes under Foreign Income Tax Offset in the tax return.
Some people rely solely on IBKR’s customisable Activity Statement, you could consider it if you want. I prefer to use Sharesight for uniformity across brokers and IMO it gives more details on how figures are calculated, for my own comfort and for if I ever need to explain to ATO.

Hello, if you are already familiar with Sharesight:
- ensure IBKR account is setup to use AUD as base currency. Naturally Sharesight portfolio tax residency should be set to Australia
- setup integration from IBKR account to a Sharesight portfolio. Buy / sell events are automatically fed through, usually during the next US trading day.
- income (dividends / distributions) events are inferred by Sharesight similar to CMC. Income from US ETFs is similar to income from shares, no AMMA tax statement distribution tax components to worry about.
- Sharesight Capital Gains tax report gives you the capital gains / losses figures. Goes into the normal CGT fields in the tax return.
- Sharesight Taxable Income report gives you the ordinary income figures. Gross Amount goes under Foreign Source Income, and Foreign Tax Withheld goes under Foreign Income Tax Offset in the tax return.
Some people rely solely on IBKR’s customisable Activity Statement, you could consider it if you want. I prefer to use Sharesight for uniformity across brokers and IMO it gives more details on how figures are calculated, for my own comfort and for if I ever need to explain to ATO.