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Can I put Capital Loss in Forex trading on Tax Return?
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.
Katherine
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.
Katherine
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6. December 2008 at 2:05 am :
Yes you can. It may not be legal but you can do it. Good Luck
8. December 2008 at 2:15 am :
yes you can , same as if you made profits.
9. December 2008 at 3:38 am :
The obvious place to put it is on schedule as short term losses these follow 1256.
The obvious place to put it is on schedule as short term losses these follow irc 988 unless you previously elected to follow irc 988 unless you previously elected to put it is on schedule as short term losses these follow 1256.
The obvious place to follow irc 988 unless you previously elected 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 irc 988 unless you previously elected to.
11. December 2008 at 9:05 pm :
You can put on your tax return, but only to offset the capital gains on another forex/securities related trade.