Ama forex tax amafilippines. Trading forex can make. For beginner forex traders, the goal is simply to make successful trades. Taking profits out of the FOREX markets requires a unique method of reporting and taxation that, at times, can differ significantly from the. Whether trading stocks, forex or derivatives, we explain US taxes, and tax implications for traders. Get the best of both worlds with forex taxes: Ordinary losses in Section 988 or elect capital gains for a chance to use lower 60/ 40 rates in Section 1256( g). However, at some point, traders must learn how to account for their trading activity and how to file taxes- hopefully filing taxes is to account for forex gains, but. Tax rate information for day trading in the US. Learn the Forex Taxation Basic.