How to Withdraw Profit From FOREX Can You Start Trading Forex With Just $100? Furthermore, traders need to conclude the switch before January 1 of the trading year. Eventually, you can change your status by another date upon IRS approval. Section 988 covers Over-the-Counter (OTC) investors, such as retail Forex traders, and was instituted by the Tax Reform Act in 1986. This section taxes Forex gains like ordinary income, which …Read More