What is the tax rate for a forex market?

jaccchen23 asked:


What is the tax rate for a forex market?
About a year ago, I invested couple thousands of dollars in forex market. I have more lose than gain. Overall, I’ve gained around $7000.00 (my loss is higher than this value). My question is what would the tax rate for this capital gain be for this kind of situation. My regular income is less than $20,0000

Gertrude
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One Response

  1. v b Says:

    For some reason you must still report the end of activity onto your 1099 at the income if yes then when you will get the year you receive your schedule 40 is treated as short term 60 as short term long.