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What is the tax summary for?

Every year, if you have sold securities, you must report your gains and losses to the tax authorities. The calculation is tedious: you have to find the purchase price of every security sold, add the fees, and apply your country's rules.

The tax summary does that calculation for you, from the purchases and sales you have recorded in Earnnest. It shows, country by country, the amount of your gains, the amount of your losses, and what remains taxable.

It is a filing aid: Earnnest calculates, you check, and you are the one who enters the amounts in your tax return. Earnnest fills in no official form and sends nothing to any tax authority on your behalf.

In the same category

What data is used, and what exactly is it used for?How do I choose my country of taxation?How do I record my purchases and sales?How is my cost basis calculated?What are “carried-forward losses”, and do I need to enter them?Why is my tax-advantaged plan missing from the summary?Why are two tax regimes shown, with no recommendation?Does this document carry any weight with the tax authorities?Why is the summary unavailable for my country?What if my transactions are in a currency other than the euro?

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Earnnest is a decision-support tool, not a financial investment adviser (CIF). Neutral, non-personalised information. Past performance does not predict future performance.