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In the United States you sign a form called W8 which is "Certificate of Foreign Status of Beneficial Owner for United
States Tax Withholding and Reporting (Individuals)" This means that you are not paying taxes in the USA rather it is your own individual obligation to pay it in your own country.
I believe this applies to all asset classes and if you are not a citizen or resident of other countries, they would have a similar form. You need to also ask your broker is there are any treaties between your country and the country of your brokerage where other laws may apply.
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
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Still very early to know what, or if anything, gets passed but this is an interesting discussion of the potential implications. Especially for business traders with entities.
Greentrader Tax / Forbes - Aug'17 :- How To Report Bitcoin Cash And Avoid IRS Trouble
Bitcoin holders were distributed one unit of Bitcoin Cash for each unit of Bitcoin, a separate financial instrument with a liquid market value. In the eyes of the IRS, that’s taxable income. Bitcoin holders should report the receipt of Bitcoin Cash on their 2017 income tax returns. It does not qualify as dividend income on Schedule B since a cryptocurrency is not a security. It’s also not considered interest income on a debt instrument or bank deposit.
Greentrader Tax / Forbes - Feb'17 :- If You Traded Bitcoin, You Should Report Capital Gains To The IRS
The IRS considers cryptocurrencies, including Bitcoin, to be “intangible property.” Investors and traders holding cryptocurrency as a capital asset should use capital gain or loss tax treatment on sales and exchanges, with the realization method. For example, if you buy Bitcoins with U.S. dollars and later sell them for U.S. dollars, a capital gain or loss needs to be reported on that transaction. An exchange of one cryptocurrency for another cryptocurrency is a taxable sale transaction, even though U.S. dollars are not involved in the transaction.