I know a few americans that trade with Canadian firms, I don't know about taxes though ...
I'm pretty sure they file it as independant business income.
I'm pretty sure they file it as independant business income.
Why frims are not allowed to take a risk deposit ?
- Thread starter hippietrader
- Start date
Anyone knows of any Canadian firm who accepts Americans who not Landed Immigrants in Canada?
US regulators banned risk deposit, but now the so called "prop firms" will take in enormous "trading fees" insteead.
Better deal for the firm, worse deal than an honest "risk deposit" for the trader.
US regulators banned risk deposit, but now the so called "prop firms" will take in enormous "trading fees" insteead.
Better deal for the firm, worse deal than an honest "risk deposit" for the trader.
Solid.
Golden, Global Market, Title, etc
from what i've read, that's a huge plus. YOU have no capital at risk, pay high commish rates, get paid out at 50-60% of profits but your a PROP trader. go figure.
Quote from couscousk:
it is in fact filled as an independent contractor and the firm does not send your info to the IRS. you are then responsible to file your taxes...
Just curious, if firm does not send a 1099 to the IRS. How does the IRS know how much you made with them? Answer=they don't!
it is in fact filled as an independent contractor and the firm does not send your info to the IRS. you are then responsible to file your taxes...
Just curious, if firm does not send a 1099 to the IRS. How does the IRS know how much you made with them? Answer=they don't!