And here is TONY'S Tax Counseling

Ponee · 1 And here is TONY'S Tax Counseling on Thu Feb 13, 2014 1:48 pm

Ponee

Admin

Posts : 656
Join date : 2011-12-19

TAX BRACKET FOR YOU TO LOOK AT

Two (2) FINCEN forms have been provided by the IRS. Form 104 specifically identifies these transactions as “Currency Exchange” transactions.

The proper and ONLY form is Form 104. 104 already states “Currency Exchange” in part II number 33.
The other FINCEN form refers to them as

“Currency Investments”.

One of our members sent this to me.
Most people are confused about the 50% and 100% May want to clarify. They need to understand and check their IRS Capital Gains table below. Plus it depends on your tax bracket where you fall.
here is a chart and online calculator that may help them.

Here is a Calculator to determine.http://www.moneychimp.com/features/capgain.htm

Here is a simple capital gains calculator, to help you see what effects the current rates will have in your own life. (Before you use it for the first time, you may want to check out an example with numbers already filled in.)

Tax Bracket	Capital Gain Tax Rate
Tax Bracket	Short Term	Long Term
10%	10%	0%
15%	15%	0%
25%	25%	15%
28%	28%
33%	33%
35%	35%
39.6%	39.6%	20%

Purchase Price:	$
Sale Price:	$
Your Federal Tax Bracket:	39.6353328251510%
Time from Purchase to Sale:	One Year or Less	More than One Year
Your State Tax Rate:	%	%

Federal Capital Gains Tax Rate:*	%	%
Total Tax Due:	$	$
Net Sale After Tax:	$	$
Advantage of Waiting:		%

TO KEEP UP ON TNT TONY and more DINAR NEWS go to www.dinardaily.net

Herb Lady · 2 Re: And here is TONY'S Tax Counseling on Fri Feb 14, 2014 12:08 am

Herb Lady

Posts : 5173
Join date : 2012-01-01

Thanks Ponee!

And here is TONY'S Tax Counseling

1 And here is TONY'S Tax Counseling on Thu Feb 13, 2014 1:48 pm

Ponee

2 Re: And here is TONY'S Tax Counseling on Fri Feb 14, 2014 12:08 am

Herb Lady