You do not necessarily need a Foreign Bank Account Report (FBAR) for your Interactive Brokers account because you will be receiving proper 1099 reporting. Interactive Brokers provides a 1099 document for all U.S. citizens, whether they live in the U.S. or abroad, which you can print from Client Portal.
Usually, an FBAR is required for Foreign Bank or Broker accounts, meaning Non-U.S. bank/brokers that do not provide a 1099 document. However, we do provide a 1099 document as we are compliant with IRS reporting requirements for any customer that has a valid Social Security Number. Although your account is held via IB UK, the assets in your account are custodied by Interactive Brokers LLC (United States). IB UK is wholly owned (not separate from) Interactive Brokers LLC, USA. We are a U.S. broker and all of our subsidiaries around the world are wholly owned.
With that in mind, you do not necessarily need to file an FBAR for the Interactive Brokers account, but if it makes you more comfortable to do so you certainly can.
The address for Interactive Brokers LLC (custodian of your assets and all IB UK customer assets) is shown below:
Interactive Brokers LLC
One Pickwick Plaza
Greenwich, CT 06830
United States
Additional Information
- Year-end Tax forms for U.S. persons and entities on our website.