Ask an Accountant

A free tool by

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
AI accountant’s 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.

No answer given yet!

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.

No answer given yet!

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.

Followup question? Ask away.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Got a different question? Ask our accountants.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Find write-offs.
File taxes.

Keeper helps independent contractors and freelancers discover tax deductions and file taxes.

Get started

0

Keeper users have found write-offs worth

$

0

Get Started
333 Hayes Street, San Francisco
Get Started
Copyright © 2022 Keeper Tax Inc. All Rights Reserved.