How does taxes work when buying we options using td ameritrade or tiger brokers? - Seedly
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Anonymous

Asked 4w ago

How does taxes work when buying we options using td ameritrade or tiger brokers?

Would appreciate a full explanation thank you 😊?

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    Tiger broker user here. Only taxes there is is the 30% withholding tax on dividends. When you sell your stocks, there’s no tax. Only commissions.

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    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
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    Chris

    Chris

    Level 6. Master

    Answered 2w ago

    If you're referring to capital gain/losses from option trading, there are no tax implications if you are an SG tax resident because those tax laws apply to US tax residents. Once you've filled out the W-8 Ben form, these laws don't apply to you.

    The main tax law that SG investors should be wary of when investing in the US is the 30% withholding tax rate levied on the gross dividends paid out by US stocks.

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    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post