If you bought your Iraqi dinar and it’s been less than a year, those are short-term gains. If you had it longer than a year, then you have what’s called long-term gains and you pay taxes according to the long-term gains. There’s no special thing you do…You have to file taxes. I don’t care what those people tell you out there…They haven’t done any research. [dinar guru Note: Some gurus think capital gains others feel the dinar will be taxed as ordinary income, other feel you decide how you claim. At the appropriate time consult your tax professionals to determine the correct tax for your unique circumstances. In the end the only opinion that matters is the IRS’s.]
