Thread: US Tax on FOREX
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Old 06-03-2007, 12:38 PM
et_phonehome_2 et_phonehome_2 is offline
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Quote:
Originally Posted by kens000 View Post
Hello to all
I am curious about how other traders go about having their taxes prepared.
What I mean is do you prepare you returns yourself or do you pay someone what can be a considerable fee to prepare your returns for you and if you knew how would you do them yourself?
It depends upon if you are a full-time trader or just dabble in it, and how you are setup [taxwise legality]. There are pluses and minuses dependent upon which election you take with Uncle Sam. If you search the net, you will find information on this...
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