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Forex Trading taxes for forex
avatar Fxcarebear
Question by: Fxcarebear - 13 Aug 2015, 12:02:34
taxes for forex
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<a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>
<a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>
Answers (1)
avatar user 6823
Answer by: Pipmaster - 13 Aug 2015, 12:15:22

Currency traders face complexities and nuances come tax time. Currency futures are treated like other types of futures; your accounting is a snap and you enjoy lower 60/40 blended tax rates. However, cash forex can be an accounting nightmare and you face higher ordinary tax rates, unless you �elect out� of IRC 988 for 60/40 treatment.

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