Wednesday, 17 August 2011

Your Questions About Trading In Foreign Currency Online

James asks…Can I claim my forex losses on line 21 of my 1040 tax return?Please read the entire question, as there are multiple parts to it. Thanks!

I lost around $25k in 2009 trading online foreign currency at interbankfx. I also lost almost $1k playing stocks (I know..I have no future as an investor). I'm hoping to get some of that money back.

I am using HRBlocks premium edition to enter the losses. I want to offset the $100k I made this year with the $25k in losses on the forex. From what

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