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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
Date Asked:
December 11, 2021
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.

Date answered:
December 11, 2021

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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