I need someones judgment on currency trading taxes in the United States?
June 29th, 2008
college student asked:
I have traded. Made profits and losses. My concern is what is taxed, the final outcome of my account (tax net profit?) or all the times I have profited at each trade. Do not know how these taxes work and need an internet source to look it up.
I have traded. Made profits and losses. My concern is what is taxed, the final outcome of my account (tax net profit?) or all the times I have profited at each trade. Do not know how these taxes work and need an internet source to look it up.
Regards.
LOREE
IRS has web site. Then booklets for specific subjects you can order, no charge.