What tax reporting obligations do I have as an international trader?

As an international trader with AMP Futures, it's important to understand your tax responsibilities:

AMP's Reporting Policy:

• No Automatic Tax Forms: If you're not a U.S. citizen, don't have a U.S. green card, and live outside the U.S., AMP doesn't send you tax statements at the end of the year.

• Monthly Statements: You receive monthly statements showing your deposits, withdrawals, and trading profits or losses.

• Annual Summary: You can request a yearly summary for a small fee.

• No Reporting to Tax Authorities: AMP doesn't report your income or losses to any tax department or government. However, if a government agency specifically asks for information about your account, AMP will provide it.

Your Responsibilities:

• Consult a Tax Specialist: Tax laws vary by country. It's essential to talk to a tax expert in your country to understand your tax obligations related to trading.

• W-8 Form: When you opened your account, you completed a W-8 form, which confirms you're not a U.S. taxpayer. If your personal information changes (like your name, address, or citizenship), inform AMP to update this form.

Important Note: AMP does not provide tax or legal advice.  Always seek guidance from a tax professional in your country to ensure you meet all legal requirements.