Forex Trading|How to trade foreign currencies
Oct
15
Filed Under (Trading Strategies) by admin
So this year I tried www.fxcm.com Forex trading and lost $1300. I was wondering if I can somehow put this on my tax return as capital loss and where I would put such an item.
Comments
BILL on 18 October, 2009 at 9:47 am #
Yes you can. It may not be legal but you can do it. Good Luck
ash.shop on 20 October, 2009 at 3:08 pm #
yes you can , same as if you made profits.
v b on 21 October, 2009 at 5:07 pm #
The obvious place to put it is on schedule D as short term losses. These follow irc 988 unless you previously elected to follow 1256.
GW on 23 October, 2009 at 12:10 am #
You can put on your tax return, but only to offset the capital gains on another forex/securities related trade.
Post a Comment
