IF INVEST IN 2 MANAGED FOREX ACCOUNTS-1 LOOSE $3000 END OF YEAR-OTHER MAKES $5000 PROFIT. PAY TAXES ON WHAT?

{ 2 comments }

Squat1 May 14, 2011 at 12:01 pm

You would show a $5,000 gain and a $3,000 loss = a $2,000 taxable gain.

Sreeni May 14, 2011 at 12:42 pm

I agree w/ prev. answer.
5000-3000 = 2000 provided those are the only gains or losses that u have this year.

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