Tax Software for FOREX Traders?
Ccl471 asked: You know how there’s tax software for small business owners? It keeps track of every sale in your retail store and then come tax season, you just have to print out the paperwork you need to bring in to your accountant.
Is there any software that a FOREX trader could use that could [...]
Taxes – Forex Losses in an LLC that conducts other business?
kirkhilles asked: Hi, I have an LLC that performs 2 primary activities:
1) Consulting/Software Development Work
2) Automated Forex (currency) trading
Lets say (for example) that I made $40,000 doing the Consulting work and LOST $20,000 doing the Forex Trading.
Can I fully write-off that $20,000 loss and only pay taxes on the $20,000 net? If so, what documentation [...]