Withholding on Publicly Traded Partnerships effective 1/1/2023

trend2009 said:
What do you mean? This tax affects any foreign individuals as well as entities.
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Why would anyone trade under a PTP that resides outside the country? Why anyone trade under PTP in general now a days, The tax liabilities is too steep

foreign characters of any kind can now trade US and UK securities in their respective countries via online brokers. If you wanted to get a little more creative you’ll go on Craigslist (US) and hire an admin as an agent or if you can afford it, hire a lawyer to be a limited PO, If you’re moving or acquiring blocks. But if you’re moving under 1 million usd equivalent an international brokerage in your respective country will hedge that 1446(f) tax easily
 
Business2122 said:
Why would anyone trade under a PTP that resides outside the country? Why anyone trade under PTP in general now a days, The tax liabilities is too steep

foreign characters of any kind can now trade US and UK securities in their respective countries via online brokers. If you wanted to get a little more creative you’ll go on Craigslist (US) and hire an admin as an agent or if you can afford it, hire a lawyer to be a limited PO, If you’re moving or acquiring blocks. But if you’re moving under 1 million usd equivalent an international brokerage in your respective country will hedge that 1446(f) tax easily
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It depends on your strategy. If you are a manual trader, you possibly do not trade ptp.But for systematic traders, they try to diverse as much as possible on all stocks with signal. Then ptp problem kicks in
 
trend2009 said:
It depends on your strategy. If you are a manual trader, you possibly do not trade ptp.But for systematic traders, they try to diverse as much as possible on all stocks with signal. Then ptp problem kicks in
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Ah I see, when it comes to self directed trading, taxes is at end of the path your strategy leads you
 
Hi guys,

I am very disappointed. I have been charged this 10% withholding tax on the sale of IEP shares without any information about this tax given to me until I noticed the charge on my TradeStation statement.

Is there anything I can do? Thank you
 
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