Making a profit from Robinhood? Here’s everything a nonresident needs to know about their trading tax requirements
Over recent weeks, stock trading apps, such as Robinhood and Etrade, have featured prominently in news headlines – dominating the public psyche more than ever before.
Gone are the days when investing in stocks and shares was limited to Wall Street traders.
In January 2021, when a large group of Reddit users banded together to invest in the video game retailer GameStop, we saw a clear demonstration of just how easy it has become to invest your money and make a profit.
In fact, nowadays, anyone can invest from their phone while on the go.
But if you’re making a profit from stock trading apps, there is one important factor to keep in mind: if you are investing in a share or other property which is located in the US, it’s likely that you will have to pay tax to the IRS on your profits. Continue reading “Making a profit from Robinhood? Here’s everything a nonresident needs to know about their trading tax requirements” »