God you are definitely not bright, I used to live abroad. I used to pay taxes abroad. That's where I paid 40% tax from my trading income. Last year I moved to Kazakhstan. And now I need to pay tax on the income that I made while I was living here. How do you live with thst kind of brain? You can't understand simple things. I refuse to believe that you are a successful trader.
No need for you to be an a$$hole. I just pointed to the plotholes in your story. Are you the only person in your country having these alleged tax problems? Is there nobody else? I guess not...
It's you being an asshole. You are the one who called me not bright without understanding the whole situation. Even though I explained here everything. I was polite until you decided calling names And it looks like I hit really hard when I said that that you are not a successful trader.
But I'm successful. I just don't have the stupid desire to tell it everybody, unlike you You are realy not very smart b/c you even don't understand the (ir)relevance of my trading success to your alleged tax problem...
You are so successful that the brokers decided that you might conquer the world if they allow you to open a margin account?
You are getting off-topic. It was my own decision to take a CashAcct to see whether one can do it also with just a CashAcct. It's an experiment, so far running very good. But also experiencing the differences: with some options strategies a MarginAcct can make much more than a CashAcct, when doing the same trade (ie. when need to do a synthetic in CA).
to the OP: Don’t accept this result. Find another tax accountant. just because your guy is from E&Y doesn’t mean he understands your specific case. The details matter a lot in these instances.
Yes, I will do my best but I am not expecting anything good. And I contacted few other tax accountants, the results are the same. Other than that they offered dismiss that clause stating that most tax inspectors don't know about it. And most people do the same. But the issue is that Kazakhstan is a pretty poor country and there is very few people who trade in the US. And the traders that trade in Kazakhstani stock exchanges pay 0% taxes. So anyone who has money prefer investing in Kazakhstani stock exchanges. And traders that dismiss that clause that forces tax on selling amount usually small traders. While my 200k is pretty noticable and inspectors might look in depth in my case. I have already contacted tax officials, but they refused to give any consultations without an official request on paper. Now I need to write down everything and hope that they are going to be more lenient