Just have a quick question. How much does everyone set aside for taxes on their earnings? Thanks
For that matter, how does one report Forex earnings on one’s tax return?
Below are some links for the answers that have already been posted on this topic. I haven’t traded with real money for a full year yet but I don’t see how anyone could “set aside” a certain amount since you don’t know exactly how much you will earn/lose. Forex is not like a job where you know your salary up front ever year and you know what your taxes are.
http://www.babypips.com/forums/newbie-island/389-tax-question.html?highlight=taxes
http://www.babypips.com/forums/forextown/117-how-do-taxes-work-forex-trading.html?highlight=taxes