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Tax System Scripts

A strategy portfolio can be assigned a tax system script to calculate and reduce stocks, futures and FOREX capital gain taxes from the portfolio accounts. A tax system script will usually calculate the taxes on the entire portfolio and only then decide how much tax to reduce from each account.

The IQBroker automated trading software ships with a library of premade tax system scripts that can be parameterized and customized without any programming, while custom scripts can be easily developed using the resource designer and IQLanguage.

Script Implementation

OnInitialize()
This function is called automatically when the script is first initialized.

OnTax()
This function is called automatically at the end of each portfolio day, its implementation should calculate and reduce capital gain taxes from the portfolio accounts when needed.

Introduction to Tax System Scripts

This tutorial provides a complete introduction to tax system scripts.

Tax System Resources

These tax system resources are pre-installed with IQBroker.

ID Name Author Last Update
GTS Generic Tax System Admin 2009-06-17
USA United States Tax System Admin 2009-06-17

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