Archive for the ‘United States’ Category

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

Friday, November 27th, 2009

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?RUSTY

How do I pay income tax on ForEx earnings?

Monday, October 26th, 2009

thalia 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.OSCAR

normally how much do forex traders pay in taxes?

Friday, October 23rd, 2009

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?THADDEUS

How to record Forex losses on Schedule D?

Friday, October 2nd, 2009

John asked: Do I need to itemize each and every Forex transaction? There are hundreds of them. Or since I had a loss, can I just not list all the positive transactions and then also not list the same amount of negative transactions (leaving only the actual loss) ...

Can I claim losses in Forex investing on taxes and still claim the itemized deduction?

Saturday, December 27th, 2008

D DD asked: Would I use lines 13 or 14 on 1040 to claim Forex investment losses? I meant "still claim the standard deduction." For instance, when I believe when itemizing deductions one can not claim the standard deduction. I'm wondering if I can claim Forex losses without giving ...