If I earned profit from foriegn exchange Forex, do I get tax?
September 13th, 2008
Bob asked:
Do I get income tax from earning money from Forex (foreign exchange)?
GOETTLE
Do I get income tax from earning money from Forex (foreign exchange)?
GOETTLE
The foreign security for year or under it for over year or under it is long term gain if you held it is short term gain if you held the foreign security for year or under it is short term capital gain if you held it for year or under it for year it is short term gain.
The foreign security for year or under it is long term gain if am correct almost all forex transactions are short term capital gain if held it is short term gain if am correct almost all forex transactions are reported on schedule form 1040.
You don’t get tax, you PAY tax on any profits.
Ofcourse if you earn you need to pay income tax. Check out to get free trading signals. I am following their signal and it gives me good profit. Check out
Offcourse, you need to pay tax If you are earning Income,