Day Trading Taxes
Do I have to pay taxes in day trading?
It depends. If you are a citizen or resident of the United States, you do have to pay income taxes on your day trading profits.
There is really no way around this. The amount of taxes you pay might vary if you trade under your own name or under the name of a business entity (consult a tax professional if you are considering setting up a business for trading purposes).
On the other hand, if you are a foreigner (non-U.S. resident) you can trade without paying any taxes to the United States government. That is one of the greatest incentives that the United States offers foreign stock, futures, and currency investors.
Back to trading education.
What others are saying:
AWESOME SITE! I cannot tell you how much your site has helped me with my
trading. And I'm glad I found you right about when I first started...I
have done very well so far and large part of that success is due
to your suggestions... Dean P. Read More...
No testimonial used on this website is indicative of future results. Past results are not indicative of future results. The individuals quoted in the testimonials used were not paid to be quoted. The testimonials used on this website are unsolicited and are non-representative of all visitors.
