Hello, so I'm considering buying ninjtrader license to trade with it and it's platform in the future but I can't find much informations about support for paying taxes especially when I have to convert currency from USD to my currency which in this case is currency of Poland (PLN). How does it work, where will I be able to get history of my traders and are there any tools that would make paying taxes easier and faster?
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Calculating and paying taxes is not a feature of NinjaTrader.
You should consult local tax expert(s) in your country who are
familiar with taxation laws regarding trading income. If you
live in one country but are a citizen of a different country, you
should make your tax expert familiar with your residency
situation, since you'll need to understand to which country
(or both) you'll pay taxes to.
Your broker should be able to provide you with all necessary
performance statements and documents you need to support
preparation of your taxes.
It's a good idea to make sure your tax expert is familiar with
the handling of profits and losses from your type of trading.
For example, in the US, tax laws for stock trading are much
different than the tax laws for forex and futures -- some US
accountants are not that experienced with forex & futures and
only really know stocks -- make sure your tax expert has the
experience to handle your specific situation.
Good luck!
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