Taxes Down Under - on trading US Index Futs. contracts from down under

[traderwald]

Hi guys,

If one trades from down under, when are the taxes on trading US Index Futs. contracts to be paid ? Is it quarterly or annual ?

Also, there are 2 classifications trader and investor. To be a trader - one has to trade frequently, have a plan etc. To be investor - one has to invest and not trade frequently etc.

But what if one trades frequently o futs. contracts, but in a casual manner - i.e. not much of a plan or anything. What are taxes involved for such if we have a small profit and how frequently to pay the tax for this ?

Please let me know.

Thank you

 

[Overnight]

Hi guys,

If one trades from down under, when are the taxes on trading US Index Futs. contracts to be paid ? Is it quarterly or annual ?

Also, there are 2 classifications trader and investor. To be a trader - one has to trade frequently, have a plan etc. To be investor - one has to invest and not trade frequently etc.

But what if one trades frequently o futs. contracts, but in a casual manner - i.e. not much of a plan or anything. What are taxes involved for such if we have a small profit and how frequently to pay the tax for this ?

Please let me know.

Thank you

Are you a US citizen living down-under, or just a straight-up Donk?

If the former, you need some pro US accountant advice. If the latter...Pppfhh, you just go the outback to hide in.