Apologies for the cross-post; I sent this to the career trader forum and received no replies. Ok, I'm leaving my day job and moving to Australia. (Fortunately, the wife has a day job.) So, to trade full-time do I incorporate? Where? U.S.? IBC? As what? Sole proprietor? Any foreign tax issues? I'm running mid-six figures of my own money, shorting futures options, equity and index options, some futures, going long and short and the rare special situation. (Looking mainly to put annual profits in a tax-deferred retirement account (or fully deduct losses.) I assume trader status is no problem, now, as I won't be working elsewhere, except for some freelancing and consulting, and I will be trading almost daily, maybe 10-15 trades; I also assume I don't get the overseas income tax break because this is not "earned" income abroad ... unless I incorporate .... abroad?) Thoughts? Caveats? Advice? Go directly to a professional for help?