nycxwes asked:
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.
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.
Tags: Capital Loss, Forex Trading, Lost, Return Loss, Tax Return
October 16th, 2007 at 8:20 am
Yes you can. It may not be legal but you can do it. Good Luck
October 18th, 2007 at 8:15 am
yes you can , same as if you made profits.
October 20th, 2007 at 1:58 pm
The obvious place to put it is on schedule as short term losses these follow irc 988 unless you previously elected to put it is on schedule as short term losses these follow 1256.
October 22nd, 2007 at 8:20 am
The capital gains on your tax return but only to offset the capital gains on another forexsecurities related.
The capital gains on another forexsecurities related trade.