Tracking capital gain distributions from US-based funds

New feature ideas
1

I hold some US-based ETFs in my Australian-tax-resident portfolio. Some of them (e.g. BND, BNDX) have from time to time distributed capital gains (long and short term) alongside the regular distribution (of interest, in the case of these bond funds).

For Australian ETFs, the distribution screen allows for splitting distributions into various components, including capital gain, but for US funds there is only “net payment”. Putting capital gain into this field will result in incorrect income and capital gain reporting at tax time, and omitting these distributions would also result in incorrect reporting.

Is there any work-around that will allow me to track these capital gains correctly in Sharesight?

2

Hi @Rodos it will be best if our support team can look into some details. Could you please get in touch with out support team via chat or email (support@sharesight.com) with a sample statement to assist you further on this?

3

While this question was raised over a year ago, nothing seems to have changed in Sharesight which is worrying.

This needs to be addressed as otherwise there’s a lot of manual entry required.

Can someone please advise if this is on the product roadmap?

4

Hi @price1d just confirmed with the dev. Not an exact timeline, but we plan to work on this sometime around this year.

1 Like
5

No updates on this?

After re-reading the original post, I wonder if this requirement has been correctly articulated and captured? Many US mutual funds (managed funds) distribute cap gains (LT & ST) as separete distributions from the remaining income components. These are not being added as unconfirmed distributions in sharesight meaning that the entries are basically useless.