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Question
I trade Forex and HFX (High Frequency Trading) & I live In Texas Do i Have to pay taxes on that money? And if so how much? And are forex traders considered self employed? Thanks
Answer

Hi there! Great question. The short answer is yes, you do have to pay tax. However, given how complicated tax matters are around capital gains, I recommend consulting with a tax professional.

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Answer

Hi there! Great question. The short answer is yes, you do have to pay tax. However, given how complicated tax matters are around capital gains, I recommend consulting with a tax professional.

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Keeper Staff

Keeper is a delightfully smart tax filing software that's especially useful for people with 1099 contracting and freelance income. Our blog breaks down IRS guidance with real-world examples and analysis by tax professionals — empowering taxpayers to save money and take control of their finances.

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