O.k. friends...

I, personally am a bit irked at the mo...but I just got off of the phone with my tax woman, who has offices throughout the US...EG Tax...her name is Esther and she is the owner and has done my taxes for 15 years.

I explained that I had acquired foreign currency and may have the opportunity to trade it in for USD soon and wanted her advice on how to go about it for tax purposes.

She said flat out that it was not a Capital Gain that it would be a REGULAR income tax at 33% !!!!!

I asked her like 5 times...are you sure??? Are you positive??? She said that she wished the answer was different. She told me that if I traded in $4mil, I would have to pay $1mil in taxes!!! Talk about a kick in the gut!!!


My smile ain't so big right now...what are we to do here in the US?
Tiff