How is the Internal Rate of Return (IRR) computed?

Short-term capital gains are capital gains earned on the sale of securities and mutual fund shares held for one year or less. If you hold an investment for more than one year, any gain on the sale of the asset is considered long-term and is taxed at a more favorable capital gains tax rate. The date a security is acquired is the trade date +1 and the date of sale is the trade date…

Unlike the case of a stock, in which a dividend is taxable in the year in which it is paid, the SPDR S&P 500 ETF Trust (Symbol: SPY) represents itself as a Regulated Investment Company and its dividend is deemed taxable in the year in which the record date is determined. As such, SPY dividends declared in either October, November or December and payable to shareholders of record on a specified date in one of those months will be considered taxable income in that year despite the fact that such dividend will generally be paid in January of the following year…

Several factors influence the interest rate and earnings on your cash balance at Interactive Brokers (IBKR):

1. Net Asset Value (NAV):
   • Accounts with a NAV of $100,000 or more receive the full eligible interest rate…

In the absence of a statement, the account will be terminated, and the assets will be transferred to your primary account in their entirety. In this case, the achieved returns are tax-exempt, and you are not obligated to include them into your Hungarian annual Personal Income Tax return…