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How is Forex taxed?


Jordan Maddison

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Hi Jordan.

Forex is taxed in the proportion of 60/40, which means 60% of gains or losses are counted as long term, while the other 40% are counted as short term. This is highly favorable for traders as it can only amount up to 37% of the total value. Usually, they are only taxed 15% of the total value.

Hope that helped.
 

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