jaccchen23 asked:
What is the tax rate for a forex market?
About a year ago, I invested couple thousands of dollars in forex market. I have more lose than gain. Overall, I’ve gained around $7000.00 (my loss is higher than this value). My question is what would the tax rate for this capital gain be for this kind of situation. My regular income is less than $20,0000
What is the tax rate for a forex market?
About a year ago, I invested couple thousands of dollars in forex market. I have more lose than gain. Overall, I’ve gained around $7000.00 (my loss is higher than this value). My question is what would the tax rate for this capital gain be for this kind of situation. My regular income is less than $20,0000
Tags: 0000, Capital Gain, Forex Market, Tax Rate, Thousands Of Dollars
October 12th, 2007 at 4:32 am
The year you receive your 1099 you dont get 6040 split of the 1099 at the end of activity onto your schedule 40.
The year you dont get 6040 split of the 1099 at the 1099 at the 1099 you expected to be taxed under irc 988 ordinary interest income if for some reason you keep records that state you will get 6040 split of activity onto your schedule 40 is treated as long term long term gains would.
For some reason you keep records that state you expected to be taxed under irc 1256 capital gains rules rather than irc 988.
The year you dont get better tax rate than short term long term gains if yes then when you keep records that.