How to record Forex losses on Schedule D?

Do I need to itemize each and every Forex transaction? There are hundreds of them.

Or since I had a loss, can I just not list all the positive transactions and then also not list the same amount of negative transactions (leaving only the actual loss) ?


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    This entry was posted on Saturday, July 31st, 2010 at 10:42 pm and is filed under Forex System Resources. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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    4 Responses to “How to record Forex losses on Schedule D?”

    1. Jss Says:
      July 31st, 2010 at 10:42 pm

      Call your broker to find out how you can download the information directly to your tax return software.

    2. Mathew Says:
      July 31st, 2010 at 10:42 pm

      You will need to list each sale on a Schedule D.

    3. Kate Says:
      July 31st, 2010 at 10:42 pm

      Your broker should have a write up on this.

    4. Guru Says:
      July 31st, 2010 at 10:42 pm

      I recommend Plus500 as it has no fees at all and they give you $20 when you register without depositing a penny. It is very easy and a good way to start make money online:

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