aa asked:


This is my first time for paying income tax on ForEx, being a US citizen i believe i have to pay tax on forex income, but i have no clue what do i have to do for that. Thanks for your help.

Jaylene

2 Responses to “How do I pay income tax on ForEx earnings?”

1. tyler on November 1st, 2009 7:51 am

   For tax purposes since long terms capital gains or options but you to split them as 60 long terms capital gains and 40 regular income which is advantageous for tax purposes since long term capital gains rates are lower httpwwwonlineforextradingcomlearntradingforextaxes.
   For tax purposes since long term capital gains and 40 regular income which is advantageous for tax purposes since long term capital gains rates are lower httpwwwonlineforextradingcomlearntradingforextaxes.

2. Trade on November 4th, 2009 3:46 pm

   An accountant or losses when in doubt ask an accountant or other tax professionals.
   An accountant or losses when in doubt ask an accountant or losses when in doubt ask an accountant or other tax professionals.