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what is the tax rate on profit made on converting euro to dollars?

2007-02-22 05:39:01 · 1 answers · asked by laura.doolan 1 in Business & Finance ➔ Taxes ➔ United States

1 answers

If you turn a profit trading any commodity, including cash, it's taxed as ordinary income.

2007-02-22 06:28:07 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋

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