BobTheTaxMan

BobTheTaxMan    1.  I have had a lot of people send me email saying, “ This person is saying this is going to be capital gains and NOT be ordinary income.”  I’ve even been sent long convoluted processes someone has created for being able to move money in different ways so that the categorization was redone.  I’ll tell you from my own studies, one of the things when I got into this thing over a decade ago…I spent a lot of time researching it.  I contacted Several of my financial advisors who worked with their tax attorneys.  I got the leading CPA of the east coast who deals in Foex currency exchanges and his research came up with the exact same thing that the attorneys came up with.  And that is there are two ways that people might misconstrue that this is supposed to be taxed as capital gains. I can tell you right now from the research they did and my own research the dinar does NOT qualify.  [Post 2 of… ]

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