July 14, 2020

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There are quite a few acronyms and abbreviations involved in the binary options tax issue. I think the most important two are EU and US. There is also the Japanese FSA to consider but I have almost no experience in that arena which leads me to something I forgot to mention before. I am not a tax professional or a certified investment advisor. ...read more


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04-02-2020 · Taxes of Binary Options in USA Binary options have been classified as capital gains in a number of countries including Australia, USA and Canada. Aside from capital gains, there are also other forms of taxes including income tax and tax for gaming. Binary options brokers are not casinos so they are not required to issue the tax form. ...read more


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The amount of tax you pay on the stocks, options and futures is about 25% of your binary options profits. You are to file the income tax if you earn more than $600 from binary options trading within a single calendar year. Serious traders will usually hire an accountant to prepare the taxes for their binary options trading every year. ...read more


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USA law states any profits earned from binary options trading are subject to US tax. You must report the income as either capital gains or revenue to the IRS. If you are making a small amount, then the money can be declared as income; however, if it is a significant amount, then it must be reported as capital gains tax. ...read more