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Showing results for tags 'law vs speculation'.

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Found 1 result

  1. I have read hundreds of posts pertaining to tax on Iraqi dinar. They all talk about capital gains and investment in the Dinar. All of my Iraqi Dinar were exchanged by a broker in Kuwait when I worked there as a DoD contractor. All of my Iraqi Dinar were exchanged for Kuwaiti Dinar at a Currency Broker that exchanged multiple currencies. I did not invest in Iraqi Dinar, I simply exchanged Kuwaiti Dinar for it. I made my last exchange in 2011. Why would I owe tax on a currency exchange?
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