SavingsTalk.com

BigInvestor · 10-31-2007, 02:31 PM

If invest in 2 managed forex accounts-1 loose $3000 end of year-other makes $5000 profit. pay taxes on what?

moon11 · 10-31-2007, 02:31 PM

You would show a $5,000 gain and a $3,000 loss = a $2,000 taxable gain.

dani · 10-31-2007, 02:31 PM

I agree w/ prev. answer.
5000-3000 = 2000 provided those are the only gains or losses that u have this year.

10-31-2007, 02:31 PM	#1
BigInvestor Greenhorn Join Date: Jul 2006 Posts: 15 Rep Power: 0	If invest in 2 managed forex accounts-1 loose $3000 end of year-other makes $5000 profit. pay taxes on what? If invest in 2 managed forex accounts-1 loose $3000 end of year-other makes $5000 profit. pay taxes on what?

10-31-2007, 02:31 PM	#2
moon11 Greenhorn Join Date: Jul 2006 Posts: 12 Rep Power: 0	If invest in 2 managed forex accounts-1 loose $3000 end of year-other makes $5000 profit. pay taxes on what? You would show a $5,000 gain and a $3,000 loss = a $2,000 taxable gain.

10-31-2007, 02:31 PM	#3
dani Greenhorn Join Date: Jul 2006 Posts: 10 Rep Power: 0	If invest in 2 managed forex accounts-1 loose $3000 end of year-other makes $5000 profit. pay taxes on what? I agree w/ prev. answer. 5000-3000 = 2000 provided those are the only gains or losses that u have this year.

Your guide to saving money and making smart investments!