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 ($). Taxpayers are required to convert the same into INR by using SBI Telegraphic Transfer Buying rate as on the last date of preceding month in which the capital asset is transferred.
How to download G & L Statement from E-Trade ?
- Login to https://us.etrade.com/etx/pxy/login with user Id and Password
- Go to At Work Tax Information
- Go to My Account Gains & Losses
- Select the Custom Date (Ex: 01st April 2023 to March 2024) and Click on Apply
- Click on Download and download Expanded
2. Fidelity
Fidelity provides "View Closed Lots" statement which provides the required information to report capital gains. The following fields needs to be considered for reporting the capital gains from sale of RSU/ESOP/ESPP
- Date Sold or transferred
- Date Acquired
- Quantity
- Proceeds
- Cost basis
- Gain/Loss
Fidelity gives all the amount in USD ($). 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 View closed lots from Fidelity ?
Generally, as per some of the EZTax Clients, Fidelity provides view closed lots statements to premium users. Below are the steps to download "View closed lots" from Fidelity.
- Login to https://digital.fidelity.com/prgw/digital
- Go to “Accounts” tab and select the "Closed Positions"
- Give the right click on any column header and select download and download either in excel or CSV Format.
Now, you can also get "Custom Transaction Summary" for the specific period from Fidelity. This will show the exact purchase date, sale date, purchase price, and sale price, along with other information.
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.
