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 [WTA] Taxable income from Forex trading?

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MUM
post Feb 28 2021, 09:02 AM

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QUOTE(xnxx @ Feb 28 2021, 01:12 AM)
So how?
Many people said you just have to report it, but it’s not taxed..... since it’s non-taxable. But if I trade for a living, it’s my monthly income, should I pay taxes then?

If bankers call me, I just have to say it’s foreign investment income?
If IRB people come to me, I just have to show my trading record?

True?
*
while you wait for responses, maybe this thread can help provide some info

Full Time Stock Trader - Tax info, Advise from a tax lawyer friend
https://forum.lowyat.net/index.php?showtopic=5102221&hl=


 

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