Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
jay-ramos23
New Member

I hava an account on sure trader. and I am residing in the US. Do I have to report taxes?

 
6 Replies
ScruffyCurmudgeon
Level 7

I hava an account on sure trader. and I am residing in the US. Do I have to report taxes?

Any taxable gain in the trading of investment securities must be reported for Federal, and often state, Income Tax

Scruffy Curmudgeon--PFFM/ IAFF, Locals 718/30, retired firefighter/medic; univ faculty NOT INTUIT EMPLOYEE
- Strategy & Quantitative Methods Med-M&M, Law discriminatory statistics, Med & PH - epidemiology statistics;
USAR 64-67 AIS/ASA MOS 9301 - O3
-------------------------------------------------------
-------------------------------------No Not an Intuit Employee - Just donating my time
jay-ramos23
New Member

I hava an account on sure trader. and I am residing in the US. Do I have to report taxes?

however this is an offshore broker
ScruffyCurmudgeon
Level 7

I hava an account on sure trader. and I am residing in the US. Do I have to report taxes?

It does not matter whether or not you are a citizen of the U.S.!  IRS applies US taxation to all income on US citizens and residents of the USA, residency irrespective, and all world-wide income unless a Tax Treaty applies.
https://www.treasury.gov/resource-center/tax-policy/treaties/Pages/treaties.aspx
Scruffy Curmudgeon--PFFM/ IAFF, Locals 718/30, retired firefighter/medic; univ faculty NOT INTUIT EMPLOYEE
- Strategy & Quantitative Methods Med-M&M, Law discriminatory statistics, Med & PH - epidemiology statistics;
USAR 64-67 AIS/ASA MOS 9301 - O3
-------------------------------------------------------
-------------------------------------No Not an Intuit Employee - Just donating my time
jay-ramos23
New Member

I hava an account on sure trader. and I am residing in the US. Do I have to report taxes?

I am not a US citizen. So?
ScruffyCurmudgeon
Level 7

I hava an account on sure trader. and I am residing in the US. Do I have to report taxes?

As said before in earlier replies,if you reside in the US you are subject to US taxation whether or not you are a citizen
Scruffy Curmudgeon--PFFM/ IAFF, Locals 718/30, retired firefighter/medic; univ faculty NOT INTUIT EMPLOYEE
- Strategy & Quantitative Methods Med-M&M, Law discriminatory statistics, Med & PH - epidemiology statistics;
USAR 64-67 AIS/ASA MOS 9301 - O3
-------------------------------------------------------
-------------------------------------No Not an Intuit Employee - Just donating my time
TaxGuyBill
Level 9

I hava an account on sure trader. and I am residing in the US. Do I have to report taxes?

Unless you were in the US on an exempt visa (such as a Student F-1 visa), you are considered a US Resident if you lived in the US for over 6 months in 2015.  Depending on all of your circumstances, you might still be a US Resident if it was less than 6 months, or if you were in the US on an exempt visa.

As a US Resident, you are required to pay taxes on your Worldwide income.
Dynamic AdsDynamic Ads
Privacy Settings
v