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 do I need and where do I put it on my tax form?

Thanks!!

Hal

lone_wolf842@sbcglobal.net asked:


If i make money on the forex market, is there a tax for it? And if there is, how do i pay for it?

Cosmetics and Skin Care

easy2inc asked:


I an a non-US Resident. I intend to form a Delaware LLC for a business as introducing brokers for an online forex trading house. I have a marketing website to market to US residents. My questions:
1. Do I require a US licence?
2. Do I have to pay tax for the income paid to me (via my Delaware LLC) by the forex trading house?

Rashad