Type of Federal tax on a foreign currency gain
Is the tax?
1. Long term capital gain because the foreign currency was held for more than 12 months?
2 Is the gain considered income because the individual took possession of the foreign currency?
Is the tax?
1. Long term capital gain because the foreign currency was held for more than 12 months?
2 Is the gain considered income because the individual took possession of the foreign currency?
Submitted by Les Vicain Jr on Mon, 2009-08-03 04:29