How to download G & L Statement from different Brokers / Intermediaries?
Offering ESOP, ESPP, RSUs etc to employees by Multinational Companies have become popular and common in India. Multinational Companies (MNC), Startups are offering ESOPs to Employees as a part of Salary package. These stock options are managed by the financials institutions or brokers. Some of the financial institutions or brokers for managing the stock options are as follows.
1. E-Trade
Generally E Trade provides the option to download "Gain and Loss Statement" for the specific period. It is popularly known as G & L Statement. This statement contains all the information required for reporting the capital gains. The following fields needs to be considered for reporting the capital gains from sale of RSU/ESOP/ESPP
- Date Sold
- Total Proceeds
- Date Acquired
- Adjusted Cost basis
- Adjusted Gain/Loss
E- Trade gives all the amount in USD ($). Taxpayers are required to convert the same into INR by using SBI Telegraphic Transfer Buying rate as on the last date of preceding month in which the capital asset is transferred.
How to download G & L Statement from E-Trade ?
- Login to https://us.etrade.com/etx/pxy/login with user Id and Password and select Accounts
- Go to "At Work" and select "Tax Information" from the dropdown
- Go to "My Account" and select "Gains & Losses"
- Select the Custom Date (Ex: 01st April 2023 to March 2024) and Click on Apply
- Click on Download and download Expanded
How to download 1042S from E Trade?
- Login to https://us.etrade.com/etx/pxy/login with user Id and Password and select Accounts
- Go to "Documents" and select "documents and statements"
- Select "Tax Documents" and select the relevant "year"
- Select 1042S and download the document
How to download Client Statement (Monthly Statement) from E Trade?
- Login to https://us.etrade.com/etx/pxy/login with user Id and Password and select Accounts
- Go to "Documents" and select "documents and statements"
- Select the "Statements" and select the time frame and click on apply
- Select the required statements and click on download
2. Fidelity
Fidelity provides "View Closed Lots" statement which provides the required information to report capital gains. The following fields needs to be considered for reporting the capital gains from sale of RSU/ESOP/ESPP
- Date Sold or transferred
- Date Acquired
- Quantity
- Proceeds
- Cost basis
- Gain/Loss
Fidelity gives all the amount in USD ($). Taxpayers are required to convert the same into INR by using SBI Telegraphic Transfer Buying rate as on the last date of preceding month in which the capital asset is transferred.
How to download Gain and Loss report and Dividend reports from Fidelity?
- Login to https://nb.fidelity.com/static/mybenefits/
- Go to "Statements and Records"
- For Sale of Shares and Dividend: Click on "Custom Transaction Summary" and enter the date range and click on view transactions and click on Download PDF
- For 1042S: Click on “Tax Forms” and select the required year and download the 1042S
- For Monthly Statements: Click on Statements and download the required statements
How to download report required for Foreign Assets Disclosure?
- Login to https://nb.fidelity.com/static/mybenefits/
- Click on "Stock Plan Account" and click on View position & Sell Shares
- Click on "Account Details" and click on "view share details"
- Select Current Shares and click on Export. It will downloaded as csv file
NOTE: Select Previously held shares from above to download closed lots
3. Morgan Stanley
Morgan Stanley provides "Account Statement" and "Activity Report" which provides the required information to report capital gains. The following fields needs to be considered for reporting the capital gains from sale of RSU/ESOP/ESPP
Morgan Stanley gives all the amount in USD ($). Taxpayers are required to convert the same into INR by using SBI Telegraphic Transfer Buying rate as on the last date of preceding month in which the capital asset is transferred.
How to download Accounts Statement from Morgan Stanley ?
- Go to https://atwork.morganstanley.com and login with credentials
- Go to Activity and click on Reports
- Select the following
- Start Date and end date
- Share Purchase and Holdings and Stock Options and Awards
- Click on the view as pdf
- Click on Account Summary type as Full
- Click on Submit and the account statement will be downloaded
How to download Activity Report from Morgan Stanley ?
- Go to https://atwork.morganstanley.com and login with credentials
- Go to Activity and click on Past events
- Click on the transactions done in Financial year
- Save as pdf and download the transaction statement
4. Charles Schwab
Charles Schwab provides "Account Statement" which provides the required information to report capital gains. The following fields needs to be considered for reporting the capital gains from sale of RSU/ESOP/ESPP
- Transaction Date (This will be considered as Sale date)
- Purchase /Vest Date
- Shares (Qty)
- Sale price and Gross Proceeds
- Acquisition FMV (Purchase Price)
Charles Schwab gives all the amount in USD ($). Taxpayers are required to convert the same into INR by using SBI Telegraphic Transfer Buying rate as on the last date of preceding month in which the capital asset is transferred.
How to download Accounts Statement from Charles Schwab ?
- Login to https://client.schwab.com/Login/SignOn/
- Go to Accounts tab and select the desired accounts from the list of accounts shown.
- Click on documents and go to statements and select the account statement.
- Select the period and download the statement in pdf.
How to download Realized Gains and Loss statement from Charles Schwab?
- Login to https://client.schwab.com/Areas and select start page as Account Summary
- Select the Identity mode and confirm the identity
- Go to Accounts and select Realized Gain/Loss
- Select the date range as custom and enter the dates for the required period (ex: April 2023 to March 2024) and click on search
- Click on Export and select the "Export Details only"
- The CSV File will be downloaded.
