Search results

Thanks, we look forward to working with you and your clients. Nadex does not have a private letter ruling for 1256 treatment. We have some clients with losses on Nadex binary options based on currency. They prefer using the correct Section 988 ordinary loss treatment without a capital loss...

Thanks. We are not comparing trading binary options on the Nadex exchange with trading binary options off-exchange which the CFTC argues is illegal in the case of Banc de Binary. We only bring up that CFTC lawsuit in discussion of whether or not binary options are treated as options in the tax...

The Section 1256 club is hard to get into: Nadex binary options don’t seem to qualify. Nadex issues 1099Bs with 1256 tax breaks and we don't think they have a basis in doing so. Read our 6/20/14 blog "Tax treatment for Nadex binary options" http://tinyurl.com/ng8eqed.

The Section 1256 club is hard to get into: Nadex binary options don’t seem to qualify. Nadex issues 1099Bs with 1256 tax breaks and we don't think they have a basis in doing so. Read our blog "Tax treatment for Nadex binary options" at http://tinyurl.com/ng8eqed

The Section 1256 club is hard to get into: Futures on foreign exchanges often don’t qualify. A leading global broker Newedge promised Section 1256 treatment for foreign futures traded on Euronext Paris and Euronext Amsterdam exchanges. Our blog helped them retract that promise and agree...

We had a good one-hour Webinar about our survey. Most securities traders rely on broker-issued 1099Bs and profit and loss reports and they probably incorrectly report wash sales. If you understate wash sales at year end, causing you to under report your income and tax, will the IRS ever know...

Please take 5 minutes to participate in our important survey about trade accounting software and solutions for securities traders. The results of the survey will be used to improve trade accounting solutions. Take this survey...

See first answer above. PR is not expatriation. Expatriation as PR resident is beyond scope of our current content so not sure. Probably same toll charge on MTM expat tax.

No to first question, and fine to second question. But if you originate trades from an office in the U.S., including a 2nd home office, that could source those trades in the U.S. We cover this all really nicely in our Webinar recording today. One of our best with great guest panelists...

I hear the same from a neighbor who lives in NYC and PR. Govt grants generous tax incentives to areas under distress like Detroit. I hear power is not that reliable in PR and traders need dependable power for trading systems.

PR exempts 100% of all capital gains, including futures, day trades, Section 475 and otherwise. http://www.greencompany.com/blog/index.php?postid=215 Webinar about PR today https://www1.gotomeeting.com/register/154480465

PR exempts 100% of all capital gains, including futures, day trades, Section 475 and otherwise. http://www.greencompany.com/blog/index.php?postid=215

Yes and yes. Recording on our Webinar page after event. Try to join us to ask your questions to Hernandez and Leeds. Mr. Hernandez is filing many tax returns based on 100% exemption of all capital gains.

Here's the legal citation below for "all" capital gains. Plus, futures trading is capital gains income so 100% should be excluded from PR and US tax. I have the Spanish version of the amendment (Law 138 of 2012). Article 3 of Law 138 amends Article 5 of Act 22 to provide exemption to the...

yes, stand by

When I started researching this topic for our blog, I also saw conflicting info all around and I tried to pin down Gabriel Hernandez of BDO PR on it. He said the law was "corrected." I've asked him for the source. My blog says: The article says “(Act 22) has a 100% tax exemption from...

See the Tax Notes article by Gabriel Hernandez below where it says "all capital gains." In my blog, I asked Hernandez to clarify uncertainty about all versus long-term capital gains only, as I saw it written both ways. Hernandez said the law was "corrected" later. Excerpt of Tax Notes below...

According to Gabriel Hernandez of BDO PR, the original law was updated to include all capital gains. I'll ask him for the actual support on that. Many writers say all capital gains.

Nonresident aliens don't owe capital gains taxes unless they are in the US over 183 days. See http://greencompany.com/EducationCenter/Trader-Tax-Center/Non-Resident-Alien.shtml Nonresidents are subject to tax withholding on dividends. If you have a US entity it complicates things. The...

Even though MTM accounting is easier, form 4797 requires line by line reporting. Tradelog does that for you.