Hi everyone, I’m a Swiss citizen and am planning to open an account at TDA Ameritrade. I also have an account at Interactive Brokers but I find the interface so clunky and unintuitive.
I understand that there is a tax treaty between the USA and Switzerland. In Switzerland, capital gains on stocks are not considered as income unless you are a professional trader. However, what happens at the broker end? i.e. are automatic deductions made for:
- Capital gains on stocks
- Profits from options trading?
Are the deductions made automatically at the USA end (and you apply for them back) or are you exempt from the beginning?