Coming soon - Get a detailed view of why an account is flagged as spam!
view details

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

2
Can I trade in IBKR US account after moving out of the country ?
Post Body

I recently moved from US to Canada for a year. I will returning back to US after 12 months.

I have 150k cash and no equities in my IBKR US account.

IBKR asked me to open a new account for Canada and they can then transfer all cash from the US entity to Canada entity.

I am not comfortable transferring around 150k cash from US to Canada. I use my US credit card and pay off the balance using the US bank account.

I would like to keep the cash either in a US bank account or IBKR US entity account.

I asked my tax consultant and they mentioned, they will take care of filing separate taxes, for trades executed in the US account while being in Canada.

So, can I just keep trading in the IBKR US account as is, or will IBKR detect and close my account if I trade from outside US ?

Author
Account Strength
90%
Account Age
8 years
Verified Email
Yes
Verified Flair
No
Total Karma
872
Link Karma
453
Comment Karma
419
Profile updated: 1 day ago
Posts updated: 7 months ago

Subreddit

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.
Posted
1 year ago