Capital

Long-Term Capital Gains Tax Rate in Forex Trading

5 min read

Foreign exchange investors need to know the long-term capital gains tax rates on forex trades. The long-term capital gains tax rate for individuals is 15%, and the rate for corporations is 20%. Additionally, the long-term capital gains tax rate on forex trades is zero for trader who meet certain requisites. For people who do not meet that requirement, the long-term capital gains tax rate on forex trades is based on their taxable income. Therefore, investors should consult a qualified tax advisor before proceeding.