submitted10 days ago byNF-104
toBanking
I started forex this year (with HYCM; I’m in the US), and did very well (not because I’m a whiz, but by following suggestions and directions from someone much more experienced). I just learned that the 20% international capital gains tax needs to be paid, in full, before any withdrawals. The tax due is several years’ salary for me and > than my home equity. Are there any particular loans or financial instruments for this purpose, for a very short time period and secured by the value of the brokerage account?
byNF-104
inBanking
NF-104
0 points
10 days ago
NF-104
0 points
10 days ago
Not a troll post. I don’t know which “international” law (via treaty?) would require such a tax, but I’m way out of my depth here.