Yen crosses collapsed 3- 5% in minutes as an enormous wave of yen buying swept through the market. Profits earned from forex trading must be disclosed on a tax return. Compare the results for different opening closing rates ( either historic hypothetical). Responsible for a roughly 10% drop in revenue guidance.
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How to File Profits Generated Through Forex Trading. Forex trading profits are reported to the Internal Revenue Service in two different ways.
IRS code Section 1256 treats Forex profits as. How to File Profits Generated Through Forex Trading.