tax for non-resident futures traders

A

arzoo

do you have to file income tax in the US if you trade e-mini futures, but are a non US resident and not a US citizen? or do you pay the taxes in your home country only?

thanks.
 
Not sure where you are from, but usually if you are not a US citizen and are a non-US resident, you do not have to pay tax in the US.

Typically you would have to declare your trading income in your home country should you be defined as a resident there for tax purposes, ie reside there for more than 183 days a year for quite a few commonwealth countries - although that may not be sufficient – and depending on the country, other tests are likely to apply. chrs
 
Sorry, I forgot to add - which I am sure you will probably know already - you will need to complete the relevant paper work with your broker, the W-8BEN form, to exempt you from backup withholding tax.
 
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