{"version":"1.0","provider_name":"Trader Tax CPA, LLC","provider_url":"https:\/\/www.tradertaxcpa.com","author_name":"tradertaxcpa","author_url":"https:\/\/www.tradertaxcpa.com\/index.php\/author\/tradertaxcpa\/","title":"Tax Treatment of Foreign Currencies - Trader Tax CPA, LLC","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"56bCnpMg3T\"><a href=\"https:\/\/www.tradertaxcpa.com\/index.php\/2018\/09\/10\/tax-treatment-of-foreign-currencies\/\">Tax Treatment of Foreign Currencies<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.tradertaxcpa.com\/index.php\/2018\/09\/10\/tax-treatment-of-foreign-currencies\/embed\/#?secret=56bCnpMg3T\" width=\"600\" height=\"338\" title=\"&#8220;Tax Treatment of Foreign Currencies&#8221; &#8212; Trader Tax CPA, LLC\" data-secret=\"56bCnpMg3T\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/www.tradertaxcpa.com\/wp-includes\/js\/wp-embed.min.js\n<\/script>\n","thumbnail_url":"https:\/\/i2.wp.com\/www.tradertaxcpa.com\/wp-content\/uploads\/2018\/09\/8.png?fit=1100%2C720&ssl=1","thumbnail_width":1100,"thumbnail_height":720,"description":"Foreign Currencies are taxed under IRC Section 988 as ordinary gains and ordinary losses.\u00a0 As such they are taxed at current income tax rates and losses are not subject to the $3,000 capital loss rule. Not sure what a capital gain or capital loss is?\u00a0 Not sure your current income tax bracket?\u00a0 Refer to this [&hellip;]"}