How To Deduct Losses In Forex?
Posted by benny in Barebone PC on December 28th, 2009 | one response
I have losses for the tax year 2008 for trades involving FOREX?
Are these deductible and where nd how would they be deducted?
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One Response to “How To Deduct Losses In Forex?”
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It is deductible only if the company went bankrupt or you sold the stock in 2008; otherwise you lost your opportunity. If you did sell, you take the loss on your Schedule D – you’ll get a 1099 for reporting purposes. If you didn’t sell it you can take the loss for 2009 if you sell it in 09