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I'm not a tax professional, but as a non-resident of the U.S. my experience has been that trading in securities and commodities is not taxable within the U.S. The one caveat to this is that if any of your surplus funds are invested in investment vehicles that pay dividends, such as the money market funds used by some stock brokers, that any dividends from those funds will be subject to a withholding tax of 15%.
So, make those profits...
Andrew Nopper
-----Original Message-----
From: Carlos Lourenco [SMTP:lourenco@xxxxxxxxxxx]
Sent: Monday, March 29, 1999 8:43 PM
To: omega-list@xxxxxxxxxx
Subject: trader status question
Speaking of taxes...
Could someone tell me if a person living outside the US (say a citizen of
Spain for example) has to pay taxes to the IRS on securities profits made
trading in US securities/commodities?
Thanks,
Carlos Lourenco
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