If i make money on the forex market, is there a tax for it?

Posted by admin under United States

lone_wolf842@sbcglobal.net asked: If i make money on the forex market, is there a tax for it? And if there is, how do i pay for it?

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How do I pay income tax on ForEx earnings?

Posted by admin under United States

John S asked: I am doing normal daily trading of EUR/USD, trades lasting a few hours on average. I am not sure if this is considered futures or securities and I therefore don’t know how to pay taxes on it.

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normally how much do forex traders pay in taxes?

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none g asked: i know every one pays a different amount of capital gains tax. i know that in the U.S. traders usually pay between 20-30% of of their profits. what about forex traders?

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