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.

Tonya
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4 Responses

  1. BILL Says:

    Yes you can. It may not be legal but you can do it. Good Luck

  2. ash.shop Says:

    yes you can , same as if you made profits.

  3. v b Says:

    The obvious place to follow irc 988 unless you previously elected to put it is on schedule as short term losses these follow 1256.

  4. GW Says:

    The capital gains on another forexsecurities related trade.