this post was submitted on 12 Sep 2024
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Standoff (lemmy.world)
submitted 1 month ago by [email protected] to c/[email protected]
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[–] [email protected] 162 points 1 month ago (10 children)

I tell you how it works in my shitty eastern european country:

  • I get an email that my report is ready, I have to go to a website where I can see it.
  • After logging in I can see a list, where I worked last year, how much was paid, if I should pay anything more or I can get back something.
  • If everything is alright I can hit OK. If something is not right I can open an issue on the same website, but I never had to do that ever.

That's all. Usually takes less than 5 minutes for the whole process.

[–] [email protected] 4 points 1 month ago (1 children)

I thought it was crazy that the report had entry on how much money I lost with my investments and that was deducted in my taxes. I've never told them that I've traded stocks and still the tax man knows my money shit better than I do.

[–] [email protected] 3 points 1 month ago

In the US, brokerage companies legally have to send you a Form 1099 which covers all investment income over the year. You then include this when submitting your taxes. They probably send a similar report to your government instead.

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