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emc011075
emc011075, Master Tax Adviser
Category: Capital Gains and Losses
Satisfied Customers: 2301
Experience:  Master Tax Adviser and Enrolled Agent
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How do I pay taxes on forex gains?

Customer Question

How do I pay taxes on forex gains?
Submitted: 1 month ago.
Category: Capital Gains and Losses
Expert:  emc011075 replied 1 month ago.

Hi. My name is ***** ***** I will be happy to help you.

If you are US citizen or resident, you are required to claim your worldwide income. Foreign gains are claimed the same way as domestic gains, on Schedule D. If any taxes had been withheld to pay foreign tax in foreign country you can claim credit for taxes paid to foreign government.

Expert:  emc011075 replied 1 month ago.

I see you read my respond. Do you have any questions? Is there anything else I can help you with today?

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