Summ (formerly Crypto Tax Calculator) now supports stocks and ETFs alongside crypto, so you can track everything in one place and get a single tax report. Stocks are available to Australian accounts and cover both Australian (ASX) and US-listed shares. This FAQ explains how it works.
Stocks is in beta. It's live and ready to use, and we're adding more brokers regularly. If you have feedback, we're all ears. Share it directly with the support team via the in-app chat.
FAQ
Q: Can I track my stocks and crypto in one place?
Yes. Summ now does both. Import your stock trades, connect your crypto accounts, and see the gains from each in one report. No more running two tools and stitching them together at tax time.
Q: Do I need both crypto and stocks to use Summ?
No. Run both, or just one. Summ produces an ATO-ready report for whatever you hold.
Q: Which markets do you support?
Currently Australian (ASX) and US stocks and ETFs, with more on the way. Add the accounts where you trade.
Q: How do I add my stocks?
Stocks are added by CSV. Export your trading history from your broker, then upload it under Accounts. Summ imports your trades, adds them to your portfolio and calculates your gains. (Your crypto can be connected directly via exchange or wallet, or imported by CSV.)
Q: Is my broker supported?
We currently support CSV import from Bell Direct, CommSec, Interactive Brokers (IBKR), NAB Trade, Pearler, SelfWealth, Stake, Superhero, Tiger Trade, Vanguard Personal Investor and Westpac Share Trading, with more being added. Export your trading history and upload it under Accounts.
Q: I track my portfolio in software like Sharesight or Navexa. Can I import that?
Yes. We support CSV import from the portfolio trackers Sharesight and Navexa. Export your history from your tracker and upload it under Accounts.
Q: My broker isn't listed. What now?
You can still select your broker when adding an account to register your interest, and reach out to the support team to request it. We're adding more all the time.
Q: What about my dividends?
Summ captures your dividends against your holdings: the franked and unfranked amounts, along with franking credits and any tax withheld, so the details flow through to your tax report. If you reinvest your dividends (a DRP), you'll need to record that in Summ once (see below).
Q: I reinvest my dividends instead of cashing out (DRP). Can Summ handle that?
Yes. Your DRP is arranged with your broker or share registry, and Summ doesn't set it up or change it. In Summ you record that you've been reinvesting, so it counts the reinvested shares (with the correct cost base) for tax rather than treating the dividend as cash.
To record it in Summ:
From your dashboard or the Accounts page, click the holding to open its asset page.
At the top right, open the settings wheel and choose dividend reinvestment.
Tell Summ whether you reinvested and over which periods (useful if you turned your DRP on or off at different times), then confirm. Summ updates your dividends and reinvested shares to match.
Q: What about a DSSP (Dividend Substitution Share Plan)?
Summ supports DSSP as well, though not every share offers one. Under a DSSP, the new shares are treated as bonus shares rather than assessable dividend income, a different tax treatment to a DRP and a separate choice. You record it the same way as a DRP, in the holding's settings. As with a DRP, this tells Summ how to treat the shares for tax; the plan itself is arranged with your broker.
Q: I hold US shares. What about foreign tax?
Any foreign tax withheld on your US shares is calculated automatically and shown in your account. You stay in control of the rate: set it to 15% or 30% in the holding's settings (the same place you manage a DRP), to match your reporting needs.
Q: How is stock tax calculated in Australia?
Generally two ways: capital gains tax when you sell, and income tax on dividends. Summ applies the relevant ATO rules to your holdings and keeps your calculations compliant with current Australian tax law.
Q: Can I see my stocks in the portfolio?
Yes. Your stocks sit alongside your crypto in the portfolio, so you can see how every investment is performing in one place.
Q: What does my tax report show?
Your share capital gains and your crypto capital gains, set out separately. This breakdown appears only on the MyTax and CGT reports.
Q: Can I use my own accountant?
Yes. Summ generates accountant-friendly reports covering both your crypto and your stocks. Import your history, export the report, and hand it over.
Q: Is there anything Summ Stocks doesn't support yet?
Stocks are imported by CSV only for now (no direct broker or API sync yet), and options, CFDs, short selling and other derivatives aren't supported. Support for more brokers and markets is on the way.
Q: How does the free trial work?
There's no clock on it. Summ is free from the moment you sign up, and it stays free for as long as you like: import your accounts and track your whole portfolio at no cost. You only need a paid plan to download your reports or access premium features like tax loss harvesting.
Q: How much does it cost?
Stocks are included in Summ's existing plans. There's no separate stocks price, and one plan covers both your crypto and your stocks. Transactions from both asset classes count toward your plan's transaction total. See our pricing page for current plans.
Q: I'm already a Summ crypto user. Do I get stocks too?
Yes. Stocks are included in your existing plan at no extra cost. Both your crypto and your stock transactions count toward your plan's transaction total.
If you have any questions or need help, we're here for you! Feel free to reach out to us via the in-app chat in the bottom-right corner or send your inquiries to [email protected].