Tax time spells issues for currency traderspart from those who elect out of the IRC 988 and go in for the 6040 get around most of the nightmares taxation can causeompared to other taxation approachs, the approach for currency trading is entirely differenthere are two distinct types of currency trading and each and efairly has profound differences in tax and accounting rulesoreign currency futures traded on regulated Merchandise exchanges are handled the exact same as diverse other products along with futures as IRC segment 1256 contractsnline funds forex, the so called eforex markets conducted in the interbank business is subject to an entire set of special rules that classify these trades as IRC section 988 contractsven before you start trading, figure out Whether or not you're buying and selling area 1256 or segment 988 contracts number of forex buyers transact in bothontracts on regulated commodities exchanges are known as regulated futures contracts or RFCon ... [Read More - Technical Analysis Of Forex Market]
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