2008 Taxes

Category Archives: capital gain

Paying Taxes when Forex Trading

It might have taken you months or years to make your first profits trading the foreign exchange markets or FOREX.

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Capital Gains and What to Report to the IRS

Capital Gains and Losses are the result of holding capital assets for investment or for personal use. Capital Assets held for investment result in a capital gain or loss when sold compared to their basis, or what you purchase the asset for. Capital Assets held for personal use can only create a capital gain. All capital gains must be reported to the IRS.

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