I am trying to confirm that Currency Conversions are usually Not Taxed. Is that correct??
This is in ref. to an online trading sys. such as Interactive Brokers, which clearly differentiates a Forex trade from a Currency Conversion (even though the Currency Conversion is still placed as a "Market Order" type).
Also, I've never seen in tax documents from IB any evidence that signaled my USD to Euro conversions were taxable events.
Thank you!
This is in ref. to an online trading sys. such as Interactive Brokers, which clearly differentiates a Forex trade from a Currency Conversion (even though the Currency Conversion is still placed as a "Market Order" type).
Also, I've never seen in tax documents from IB any evidence that signaled my USD to Euro conversions were taxable events.
Thank you!
Statistics: Posted by Maris61 — Thu Jul 11, 2024 8:11 pm — Replies 0 — Views 118