Archive for the 'United States' Category

How do I pay income tax on ForEx earnings?

Saturday, August 8th, 2009

aa asked: This is my first time for paying income tax on ForEx, being a US citizen i believe i have to pay tax on forex income, but i have no clue what do i have to do for that. Thanks for your help.Danielle Wilkins

Filed under: United States | 2 Comments »

How to record Forex losses on Schedule D?

Thursday, August 6th, 2009

John asked: Do I need to itemize each and every Forex transaction? There are hundreds of them.
Or since I had a loss, can I just not list all the positive transactions and then also not list the same amount of negative transactions (leaving only the actual loss) ?Ivan Sanchez

Filed under: United States | 5 Comments »

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