Tax for investors 101

[@farmerplops]

Thanks what a great interview, this guy is sharp!

[@jermunitz3020]

Do sharesies have a FIF tax report?

[@Sharesies]

Sharesies offers an integration with Sharesight which enables you to complete FIF reporting (at a cost). Otherwise, we offer reports in-app that may assist with FIF reporting obligations. You can find more info about FIF here: intercom.help/sharesies/en/articles/1399438-tax-on-sharesies-investments

[@jermunitz3020]

@@Sharesies But that's $50 a month for the expert plan with FIF report; More than I spend on fees at IBKR with a $200k portfolio. It's a bit pathetic that NZ fintechs cannot do a simple report themselves. I wrote my own FIF report python script in a weekend.

[@SchneakyPete]

@@jermunitz3020 Care to share it ? :)

[@mdewsnip6076]

@@jermunitz3020 I asked Sharesies that exact question by e-mail a couple of months ago and they said "This is something we're working on but don't have a timeframe for." I'm considering moving to Hatch since they do already have a FIF report

[@rajekiran4775]

@@jermunitz3020 Hatch provides FIF report at $75 as one off cost.

[@Kaymm-zd6lb]

So if inland revenue takes some of the profit when we make money on shares, do they also gives us a refund if our shares drop in value. looool

[@lewiswood1693]

Yeah pretty ruthless particularly that the lack of this tax on other assets like houses means people just buy houses instead of buying more productive assets.

[@igorhfr8791]

This was great! thank you.

[@neilmason4135]

This guy is smart

[@boeing747cr3]

Did this guy suggest that Tesla pays a dividend?😂