Import your Charles Schwab portfolio into Quantic
Schwab exports transactions as CSV. Quantic reads it through column mapping — and there is one setting to change first, or your US dividends will look taxed twice.
Set your tax residence to the United States before you import. Quantic subtracts withholding at source from your income so the figure it shows is what actually landed — and with no residence set it has to take the cautious reading and treat every holding as foreign. For an American holding American shares that produces a withholding bill that does not exist. Set it once, on the dashboard or in Settings, and dividends from your own market stop being taxed on your screen.
After that the import is the ordinary path. Schwab writes month-first dates and a dot decimal separator; Quantic infers both from your own rows rather than assuming them, which is what lets the same importer read a Schwab file and a European one without a switch. Commissions fold into the cost basis, buys and sells come from the sign of the quantity, and holdings are identified by ticker where no ISIN column exists.
How to import it
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1
In Quantic, set your tax residence to the United States — this one matters.
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2
In Schwab, open History & Statements and export your transactions as CSV.
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3
In Quantic, open Movements and drop the file in.
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4
Map the columns once and save the mapping.
Quantic will not help with your 1099. The disposals section of the tax report implements Spanish rules and models neither the wash-sale rule nor the split between qualified and ordinary dividends — and Schwab reports your basis to the IRS anyway, so its own forms are the authority. What Quantic adds is the part no broker does: income across accounts, by month and by company, and whether it is growing. We have not validated a real Schwab export yet; if yours will not read, the import screen offers to send it to us.
Key terms
- Tax residence
- The country you file your tax return in — usually where you live, not where your broker is or where you hold a passport. Quantic uses it for one job: telling foreign holdings from domestic ones. A dividend from a company in your own country has no withholding tax to estimate, so until you set this, Quantic takes the cautious reading and treats every holding as foreign.
- Withholding tax
- When you own a foreign stock, the company's home country usually skims a percentage off each dividend before it reaches you — say 15% on US shares. Quantic estimates this from where each holding is based and your tax residence, so your income reflects what actually arrives. It's the tax withheld at source only — not any tax your own country adds, nor amounts you can often reclaim or credit back under a tax treaty.
- Cost basis (average cost)
- What you actually paid for the shares you hold, per share — the money you put in, including the commission, spread across your shares. Buying more at a different price moves it; selling doesn't, because selling doesn't change what the shares you kept cost you. It's the baseline your gain, your yield on cost and any future tax calculation are measured against.
- Commission
- What your broker charges to execute a trade. It's small per trade but it's real money, and it counts as part of what the shares cost you — which is why Quantic records the commission on every trade it can read from your statement.
Quantic · Free
Import your statement and see the income
Free, no card, and no broker connection — you upload a file you exported yourself. Or explore a sample portfolio first.
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