taxes for a Yank based overseas?

Discussion in 'Taxes and Accounting' started by Jayford, Jun 13, 2006.

  1. Jayford

    Jayford

    This is a Q for you Americans trading full time overseas. If you do the full year thing outside of the States, does trading income allow the $80K exclusion even if you use a US broker? The income would actually be derived from the US.

    Also, I thought you had to be paying taxes elsewhere to get this exclusion.

    Please, only replies from those that have done this. Lots of incorrect replies on the tax stuff.

    Thanks,

    J
     
    #1     Jun 13, 2006
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  2. BlueHorseshoe

    BlueHorseshoe

    You form a corporation that holds the accounts and pays you a salary. This has been covered ad infinitum on ET ... to a search under 'taxes' or 'exclusion.'
     
    #2     Jun 13, 2006
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