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Thank you for your answer, Bob. Unfortunately, being European, I have no clue about K1 and 64/40. I guess that's US fiscal stuff. Could you elaborate please? Actually, I would like to know if the fiscal treatment of earnings from a prop trading house does make sense to my situation before...

Let's say you make money for a prop trading firm and they pay your cut i.e. a portion of the profits. What is the nature of the earnings? I would say "short term capital gains" but it may be more complex than that. Any experience?

I had the same experience. I tried to transmit my process many times. Nobody listened.

I have an algorithm that can trade stocks globally with IB. To use it from where I live, I would need to create a company and I don't want that hassle. So I am looking for an intermediary that can host trading algorithms and who is authorised to trade on behalf of clients. Do you know a broker...