Forex

Hello I live in Vancouver, British Columbia. I am curious to know what form I have to fill out to claim my $1000 loss. Furthermore, if I were to open a partnership with my wife, what would be the benefits/negative? Or should I just open a proprietorship? I also have a regular full time job.

If you are a non-resident alien of the US - sounds like you are - then you may not owe US taxes, as it doesn't sound like you have US source income from trading forex with a US-based forex broker.

Learn more here http://www.greencompany.com/Educatio...Resident.shtml.

Forming a US-based entity may trigger US source income, so that may not be a good idea.

Consider a consultation for more indepth review of your issues if any.

We can not comment on Canadian taxation and rules.