I trade spot forex through forex. I have some losses and I would like to to know how do I file these losses on turbo tax. I printed out my trading transaction history for during , and on the transaction, it reported a loss for the year. I spoke to a cpa through turbo tax and he said that they wouldn't question if I filed my gains or losses through Box B short term , under Scheduled D.
Am I still entitled to utilize capital loss carry over? Section taxes FOREX gains and losses like ordinary income, which is at a higher rate than the capital gains tax for most earners. Section gains or losses are reported on Form This default treatment of foreign currency gains is to treat it as ordinary income. You don't show where to enter the loss, only that it is a loss.
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Most questions get a response in about a day. Back to search results. Here is my questions. I just like to officially know how to file it properly on turbo tax. Any help is much appreciated. Was this answer helpful? No answers have been posted. This post has been closed and is not open for comments or answers. Here are five guidelines: When answering questions, write like you speak.
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