BobTheTaxMan

Currencies are treated differently.  We know our exotic currency the IQD is going to be treated as ordinary income.  It’s calculated on your personal income tax bracket and your filing status…If you’re investing in the Forex…currencies…they’re treated with a special tax application…cryptocurrencies are treated as a capital asset, meaning if you hold it for more than a year it’s going o have a long term capital gain…[NOTE – Consult your tax professionals at the appropriate time to determine the taxes for your unique circumstances.]