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EDUCATION CENTER
INTERACTIVE: GTT MESSAGE BOARD
Proprietary Trading
>>
General issues & Pros/Cons of proprietary trading
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traderob
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stranger
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Reged: 03/05/05
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Posts: 3
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alien prop trader
#443 - 03/05/05 06:28 AM
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Hi.
I am non-american and live outside USA. Have just been offered a prop deal　which means I have to fill in a U4 (fingerprinting etc).
Will I be taxed under K-1 or...?
Or could I be considered in the same category as trading with a retail firm?
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Re: alien prop trader
#450 - 03/13/05 07:49 AM
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Yes, if you join a proprietary trading firm in the US as an LLC member (partner), the firm must issue you a Form K-1 to report your share of income. That income is considered US source income subject to US taxation.
Learn much more in my new book, there is an entire section on international traders and proprietary traders.
If you trade retail (as a customer) remotely from outside the US, you are not subject to US taxation.
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Robert A. Green, CPA & CEO
GreenTraderTax.com
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