topic Owning foreign stock through Interactive Broker in Get your taxes done using TurboTax

Owning foreign stock through Interactive Broker

oboero2 — Tue, 10 Feb 2026 09:44:35 GMT

If I, a US citizen, buy a foreign stock using Interactive Broker, would I need to file FBAR or FATCA? What are the tax implications of owning foreign stocks through Interactive Broker?

Re: Owning foreign stock through Interactive Broker

JulieS — Mon, 22 Jan 2024 13:39:14 GMT

No, you don't have to file an FBAR based on owning foreign stock through a U.S. financial account.

Interactive Brokers is headquartered in Greenwich, CT and is regulated by the Securities and Exchange Commission (SEC), so it's not a foreign financial account.

Re: Owning foreign stock through Interactive Broker

oboero2 — Mon, 22 Jan 2024 23:57:49 GMT

Thank you, so it's just like owning a domestic stock? Would I need to pay foreign tax or is Interactive Broker going to do it for me?

Re: Owning foreign stock through Interactive Broker

DaveF1006 — Wed, 24 Jan 2024 02:10:54 GMT

Yes, it is similar to to domestic stocks. If foreign taxes are paid, the broker will pay them and then report this in the disclosure statement issued with the 1099B. You might wish to verify this with Interactive Brokers.