Tag: Long-term Capital Gains Tax

Long-term capital gains (LTCG) are profits from the sale of assets held for more than one year. Taxpayers in the US are typically subject to the federal long-term capital gains tax rate, which varies from 0-20% depending on income level. Taxpayers should be aware of the rates and rules associated with long-term capital gains taxation when planning their investments and sales. With careful planning, taxpayers may be able to save money through strategic holdings of assets and appropriate timing of sales. Taking advantage of potential deductions and credits may also help to reduce long-term capital gains tax liability.

Capital

Long-term Capital Gains Tax in Forex Trading: An Overview

By Matthew M. Lockett
September 16, 2023

5 min read

Long term capital gains tax on forex investments can be a tricky subject to understand. As a general rule, taxes are due when profits from forex trading exceed 600 EUR in a year. While it is possible to reduce or even eliminate your taxes using certain exemptions or deductions, investors must be careful not to make mistakes when filing taxes on their forex trades. Factors such as the duration of the trade, your nationality, and the type of transaction must all be taken into account. Staying informed of the changing tax policies in your country and with the currency pair you are trading is essential in order to make sure you remain compliant.