What is the monthly fee for a trader and also what is the setup per station? How many moitors, etc...??
hey question for the offshore experts. if i trade as an individual from my home in the us and move to the bahamas --- do i have to convert my individual accounts with us addresses into bahamian-based custodial accounts (with bahamian brokers) to enjoy the foreign-earned income exemption? Or, can I keep my individual accounts with us addresses, have my mail forwarded to the bahamas, and file a us tax return with the requisite form that these capital gains are foreign-earned? weewilly
You won't have to change your accounts. The exemption is taken against your global income, all of which you must report, irrespective of what address your broker has on file. The exemption itself is earned based on your legal residence for tax purposes, for which there are several tests primarily focused on where you reside and earn a living during the year. If you want to trade certain overseas futures and options contracts that the CFTC has placed off-limits to US residents, then yes you will likely need to change your residence address with your brokers. 'Weewilly' - change your name for pete's sake, that's embarrassing!
i find it hard to believe that all i have to do is park my ass in the bahamas and login to my accounts in the us. there's got to be a catch somewhere -- perhaps on the bahamas side with visas and length of stay restrictions? bluehorseshoe do you still love anacott steel? the wee one