Trading from Puerto Rico

Foxtrader said:
Ya I really looked into that and you have to certify that you have physically been in Puerto Rico for at least 183 in a Calander Year to qualify.
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I don’t care about being exempt just a reduced tax load for initiating trades there possible? Anything under 30% would interest me. There is some language about capital gains tax for non PR resident, US citizens. I just can’t find what what the numbers are and how it works. Seems like everyone focuses on all or nothing. Maybe that’s the only option but I haven’t found anything proving it’s the only option
 
As far as I know either you qualfy for Act 60 as an individual in which as there is no Federal Tax on all Capital Gains. Which by definition you are living in the PR. Or if you don't qualify then you are taxed just like everyone else and you will be hit with Federal Capitals gains and then regualar State Tax depending on which State you have your Residence.
 
yoyotrader said:
I live and trade in Puerto Rico. Best decisions I have made in my life.
It is correct - no tax (0%), federal or state, if spending 181 days out of a year in PR. Could be even less time - as long as total PR days a calendar year are more than total US mainland days (With some other times traveling the world).
Will be happy to answer questions and partner up with the tax-paying profitable traders if needed :)
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Good to hear from a trader that made the move. I'm looking to make the move to San Juan, PR the 2nd half of the year. I've read the Act 60 application can be complicated. Did you enlist a CPA/law firm to help with the app?
 
PR is looking better and better with my tax bill. How's the internet? Where to live for the most stable/fastest internet? I want to live in a newer high rise condo with security, not a house.
 
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