Do I have to pay taxes?

The obligation to pay taxes is influenced by several factors, including your citizenship and your residency status. If you have US citizenship, regardless of your current place of residence, you must complete the W9 form. This regulation applies to US citizens living both inside and outside the United States. Additionally, if you are a foreign citizen currently residing in the United States, you are also required to complete the W9 form.

For individuals who do not possess US citizenship and reside outside the United States, the decision to complete the W9 form is at your discretion. It is important to consider the tax laws of your home country and understand the potential tax implications. Completing tax forms is essential to maintain compliance with US and international tax regulations.

Can I report the profits I make with Winbance?

Traders funded on a LiveX account must report all profits as regular income. This requirement specifically applies to traders funded within the United States. Please note that tax regulations can be complex and it is advisable to consult a tax professional or accountant for personalized advice and guidance.