The issue of taxes on a future currency revaluation of the IQD surfaces from time to time. I will give the bare facts here. This currency exchange is a 988 tax event according to the IRC. (Internal Revenue Code) This means YOU may elect to pay your taxes on the profits as either Capital Gains or Personal/Regular Income. The choice is up to you. It will depend on how you have structured your financial life. As the Mid-West Criminal Investigator for the IRS told me at our weekly cook out, “The tax code is written for both kinds of people. Those who pay taxes and those who do not.” [dinar guru Note: Do your tax homework. At the appropriate time for your unique circumstances consult your tax and asset protection advisors.[Post 1 of 2….stay tuned]
