Tax Information & Reporting ~ How to Determine your Tax Residency



Reports & Dates

US Persons & Entities

Non-US Persons & Entities

 Tax Residency

Wash Sales




Tax Residency


Place Trade Financial is based in the United States and is required under various laws to both withhold, remit and report on income to various tax authorities, both in the US and in other countries.

It is very important when operating your account to provide information concerning your primary tax residency. Rules defining this vary from nation to nation, however, since Place Trade is based in the US our applications use the US definition of tax resident.



How to Determine your Tax Residency

 Your tax residency determines where PTF must report tax information and when tax withholding applies the rate of withholding.


You are a tax resident of the United States if you are:


  • US citizen (regardless of residence)
  • US legal resident or "Green Card Holder" (regardless of residence)
  • US Substantial Presence resident:
    A person who qualifies as a resident for US tax purposes because they have met the substantial presence test as defined by the Internal Revenue Code (Refer to IRS Publication 519, US Tax Guide for Aliens)
  • US formed business entity
  • US formed organization
  • US operations of a foreign entity




Residents of other Countries:


If you are a resident of, or entity formed or operating in, a country other than the US you are considered to be a foreign person or entity (non-US person).





IRS Circular 230 Notice: These statements are provided for information purposes only, are not intended to constitute tax advice which may be relied upon to avoid penalties under any federal, state, local or other tax statutes or regulations, and do not resolve any tax issues in your favor.


Call us today at 1-800-50- PLACE or 1-919-719-7200 for more information, or if you are simply frustrated with your current firm's 1099 issues or if you are simply searching for an investing partner who has your best interests in mind!

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