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Updated 8 months ago,

User Stats

10
Posts
5
Votes
Nate Moross
5
Votes |
10
Posts

Taxes On Credit Card Debt As Investment Funds

Nate Moross
Posted

Hi guys I have a tax question even though its not real estate related i'm sure someone knows the answers i'm looking for. So if I liquidate money from my business credit cards and open a forex brokerage account and pay for a trading bot, is the money i use to pay back the credit cards and trading bot taxable? And also if i leave profits in the broker account are they taxable or only if i withdraw funds? thanks, nate

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