Forex
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07-29-2008, 01:01 AM
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Can forex traders have their (tax) cake and eat it too?
Traders prefer the best of all tax-worlds with ordinary tax
treatment for losses, so they are exempt from capital loss limitations. And capital gains (60/40) tax-treatment for gains, so they save up to 12% in tax rates (23% versus 35% at current tax rates). Traders should learn the complex rules for forex taxation before they start trading forex so they can make the necessary elections in-advance to ensure the best overall tax treatment.      
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| forex, taxation, tips |
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