Comments on: If I make income trading currency on the foreign exchange, must I report this on my federal taxes? http://dinarstocks.com/finance/if-i-make-income-trading-currency-on-the-foreign-exchange-must-i-report-this-on-my-federal-taxes/ Money exchange rate stock market Iraqi dinar and gold coin Fri, 13 Jan 2012 19:12:47 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: travelguruette http://dinarstocks.com/finance/if-i-make-income-trading-currency-on-the-foreign-exchange-must-i-report-this-on-my-federal-taxes/comment-page-1/#comment-18878 travelguruette Sat, 31 Jul 2010 00:32:56 +0000 http://dinarstocks.com/finance/if-i-make-income-trading-currency-on-the-foreign-exchange-must-i-report-this-on-my-federal-taxes/#comment-18878 You must report the information. You must report the information.

]]> By: DEBORAH F http://dinarstocks.com/finance/if-i-make-income-trading-currency-on-the-foreign-exchange-must-i-report-this-on-my-federal-taxes/comment-page-1/#comment-18877 DEBORAH F Sat, 31 Jul 2010 00:13:59 +0000 http://dinarstocks.com/finance/if-i-make-income-trading-currency-on-the-foreign-exchange-must-i-report-this-on-my-federal-taxes/#comment-18877 Unless you live outside the country, you must report your world-wide income on your federal tax return. If you're an investor--and not a professional trader--foreign currency is a capital asset. Gains and losses from trading capital assets go on Schedule D. Unless you live outside the country, you must report your world-wide income on your federal tax return.

If you’re an investor–and not a professional trader–foreign currency is a capital asset. Gains and losses from trading capital assets go on Schedule D.

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