Legal Question in Tax Law in California
Forex taxation
I understand that I need to elect some sort of favorable tax status each time I trade in the FOREX market. If so, how can I do this? My sole occupation is trading FOREX so is there a way I can do this one time to cover all my trades throughout the year?
Asked on 1/20/05, 5:31 pm
1 Answer from Attorneys
Donald Field
Donald L. Field, Jr., Attorney at Law
Re: Forex taxation
Answered on 1/24/05, 11:44 am