Posts Tagged ‘Section 988’

How Forex Taxes are to be Calculated?

Wednesday, October 15th, 2008

Investors from United States of America must pay taxes on the earnings they make from forex trading. Tax rules involving forex earning applies to U.S. traders only.

But foreign investors, who are not residents or citizens of the US, do not have to pay taxes on forex profits. For professional tax calculations you should consult with an advisor or tax consultant.

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