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Resolved Question
What is considered income in forex trading?
Trading produces profit and losses. Is every transaction that produces profit considered income for tax purposes or is income what you remove from your account in excess of your start up amount?
over 2 years ago
Best Answer - Chosen by Voters
Maybe tax professionals or lawyers can answer your question clearly. I believe paying taxes are quarterly or yearly; and also based on your profit.
over 2 years ago
Answers (1)
Paying tax and other legal fees depends on the country you are in. The best that I can advice is contact your broker and ask them about this issue.
over 2 years ago
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