Hey you guys,

I have a question my partner and I can't agree on. We are both holding physical currencies as investments but can't get a solid answer on how they are taxed. Does long and short term cap gains apply to this? If we hold it over a year does the tax consequence get reduced or is it always taxed as ordinary income?

Again, were actually holding the paper.

Best wishes.

Likely will receive a better reply here:

The Tax Thread I thought we could use a thread devoted to Taxes. This is all things taxes regarding trading. One example, Advantages/disadvantages for different situations (equities, futures, forex, etc) as well as benefits of filing sole-proprietor vs LLC or as a …

Mike