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I have a forex account since 2016, didn't had a broker so I
Hello. I have a forex account since 2016, didn't had a broker so I haven't paid taxes for it (barely used it, probably made +$3000) and I deposited in the forex account 13000 from my savings account. … read more
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non-resident / non-US citizen using a US based borker for forex, need to pay capital gains taxes? I understood not, but I would like to be sure. Thanks. … read more
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I just opened an account through a company called ROFX.
I just opened an account through a company called ROFX. Their website is www.rofx.net. It is basically a FOREX trading software. Their headquarters are in the Czech Republic and in Miami, FL. The acco… read more
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what is Online Spot Forex Trading and who is called Day Trader ? Me and my spouse are planning to apply for U.S. Citizenship on the basis of having U.S. Green Card for last 5 years . Now , there is a … read more
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I just opened a FOREX account (trading currency pairs) and
Good morning. I just opened a FOREX account (trading currency pairs) and am wondering what the federal taxes will be on profits. I am very much expecting to be profitable. Please advise. Thanks… read more
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I had about $15,000 in losses trading Foregin Exchange over
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Robin D.
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If I have a foreign currency loss on a foreign mortgage repayment,
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ShawnA
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I am a US Citizen living in Ireland and I file a return with
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Robin D.
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Do I need to take the series 7 exam or need asponsor become
Do I need to take the series 7 exam or need a sponsor become a Commodities and Forex Broker? I'm interested in becoming an independent Commodities Broker or Forex Broker and to own my own Commodities … read more
Lane
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I do only the online cash or spot forex trading at the web
I do only the online cash or spot forex trading at the web platform of FXCM - a new york based broker company . (1) Do i need to pay self - employment tax ? (2) Where i need to show this income while … read more
USTaxAdvising
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I do only online Spot or Cash Forex Trading at a very micro
I do only online Spot or Cash Forex Trading at a very micro level with the capital of $4000 only deposited in 2 Forex trading accounts with the same broker - FXCM , i am planning to file my taxes for … read more
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As i do only online Spot or Cash Forex Trading at a very micro
As i do only online Spot or Cash Forex Trading at a very micro level with the capital of $4000 only deposited in 2 Forex trading accounts with the same broker - FXCM , i am planning to file my taxes f… read more
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Ok , when it is clear that i can only file my taxes under Sec.
Ok , when it is clear that i can only file my taxes under Sec. 988 because i do online spot or cash forex trading , Please explain me what to do now from my side to file taxes under 988 . FYI : I will… read more
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As i know that income from Online Forex Trading may be taxed
As i know that income from Online Forex Trading may be taxed either under IRC 988 (Ordinary income / losses) or under IRC 1256 (Capital gains / losses) ........ is this information right ? FYI : I am … read more
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I got my GC 3 months ago and just 2 months before after getting
I got my GC 3 months ago and just 2 months before after getting my GC , i opened a Foreign Exchange (FOREX) Trading Account in my name to work as an individual online forex trader with a New York head… read more
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I traded options on currency (forex) called binary options.
I traded options on currency (forex) called binary options. The options expired hourly. I would like to know are the gains losses filed using form 6781 (section 1256) or Schedule D?… read more
Robin D.
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I took a forex class and bought some forex software. I am learning
I took a forex class and bought some forex software. I am learning how to trade the forex market. Can I take any deductions on this?… read more
Merlo
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I trade forex with Alpari (US) and they have issued me a 1099-b
I trade forex with Alpari (US) and they have issued me a 1099-b with an Aggregate profit or (loss) of -94.09. I'm using Turbotax and its asking me choose my election for Form 6781, Gains and Losses Fr… read more
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