is there any stocks trading income tax on hong kong international student?

Question

Im an interntional student from hong kong
a couple questions about trading stocks as an international student

1. is it REQUIRED to report my P n L from daytrading?
2. if so..what is the rate? and how do I do that?


thx

Answer 1

Is this a US tax question? If so and you are a resident alien or US citizen then you will be required to file a tax return if your gross sales are more than $8,450 then you will be required to file an income tax return.

For most people it is $8,450 in income but since your broker doesn't report your profit to the IRS only your sales; the government has no idea what your profit is so they assume all your sales are profit unless you report your true profit on your tax return.

You will have to file form 1040 reporting your sales on schedule D. Your profit will be taxed at the ordinary rate unless you hold your stock more than 1 year; if so then maximum 15%

Answer 2

RE:
is there any stocks trading income tax on hong kong international student?
Im an interntional student from hong kong
a couple questions about trading stocks as an international student

1. is it REQUIRED to report my P n L from daytrading?
2. if so..what is the rate? and how do I do that?


thx

Answer 3

You are subject to US tax laws while you are here. You'd file a tax return, probably a non-resident alien return on Form 1040-NR since you are a student.

If you're truly a day trader, consult with a tax pro such as a CPA or tax attorney who specializes in that type of venture. The rules on day drading are complex and if you get it wrong the cost can be breathtakingly high.

If you are just managing a typical stock portfolio, the gains are taxable. If you held a stock for one year or less, it's taxed as ordinary income. If you held it for over one year, it's taxed as a long-term capital gain, normally at 15% unless your marginal rate is 15% or less where it would be taxed at 5%.

There may also be a tax treaty that affects you. Again, consult with a tax expert on the issue as it can get complicated.

Answer 4

Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 30 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid, can operate without having to read any instructions. But winning trades is Not easy.
Binary trading is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds; if it was true then binary trading would truly be an astonishing business.
However, does it make any sense? Can every trader make tons of money in binary trading? Who is actually paying all the money or the profit to traders?
The first challenge is finding a trustworthy binary broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective trading strategy, there is no way you can make money in this business.
Learning a profitable trading strategy is possible, You should watch this presentation video https://tr.im/d0306
It's probably the best way to learn how to win with binary option

Answer 5

In binary options you will have the possibility to predict the movement of various assets such as stocks, currency pairs, commodities and indices. Learn how you can make money trading binary options https://tinyurl.im/aH4xn An option has only two outcomes (hence the name "binary" options). This is because the value of an asset can only go up or down during a given time frame. Your task will be to predict if the value of an asset with either go up or down during a certain amount of time.