Comments on: If I earned profit from foriegn exchange Forex, do I get tax? http://www.myylt.com/2008/09/05/if-i-earned-profit-from-foriegn-exchange-forex-do-i-get-tax/ Discussion of Forex Trading and Currency Trading Tue, 22 May 2012 04:32:41 +0000 http://wordpress.org/?v=2.3.3 By: Wayne Z http://www.myylt.com/2008/09/05/if-i-earned-profit-from-foriegn-exchange-forex-do-i-get-tax/#comment-7393 Wayne Z Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2008/09/05/if-i-earned-profit-from-foriegn-exchange-forex-do-i-get-tax/#comment-7393 Yes. If you held the foreign security for 1 year or under, it is a short term capital gain. If held it for over 1 year, it is a long term gain. If I am correct, almost all forex transactions are short term. They are reported on Schedule D, Form 1040. Yes.

If you held the foreign security for 1 year or under, it is a short term capital gain. If held it for over 1 year, it is a long term gain.

If I am correct, almost all forex transactions are short term.

They are reported on Schedule D, Form 1040.

]]> By: bostonianinmo http://www.myylt.com/2008/09/05/if-i-earned-profit-from-foriegn-exchange-forex-do-i-get-tax/#comment-7394 bostonianinmo Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2008/09/05/if-i-earned-profit-from-foriegn-exchange-forex-do-i-get-tax/#comment-7394 You don't "get" tax, you PAY tax on any profits. You don’t “get” tax, you PAY tax on any profits.

]]> By: Maddy http://www.myylt.com/2008/09/05/if-i-earned-profit-from-foriegn-exchange-forex-do-i-get-tax/#comment-7395 Maddy Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2008/09/05/if-i-earned-profit-from-foriegn-exchange-forex-do-i-get-tax/#comment-7395 Ofcourse if you earn you need to pay income tax. Check out www.forexfundas.com to get free trading signals. I am following their signal and it gives me good profit. Check out www.forexfundas.com Ofcourse if you earn you need to pay income tax. Check out http://www.forexfundas.com to get free trading signals. I am following their signal and it gives me good profit. Check out http://www.forexfundas.com

]]> By: Anil Kumar Raju http://www.myylt.com/2008/09/05/if-i-earned-profit-from-foriegn-exchange-forex-do-i-get-tax/#comment-7396 Anil Kumar Raju Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2008/09/05/if-i-earned-profit-from-foriegn-exchange-forex-do-i-get-tax/#comment-7396 Offcourse, you need to pay tax If you are earning Income, Offcourse, you need to pay tax If you are earning Income,

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