How to record Forex losses on Schedule D?

Question by John: 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) ?

Best answer:

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

Know better? Leave your own answer in the comments!

Related posts:

  1. Q&A: How do the tax laws work with playing the forex market with a US broker and being a Canadian resident?
  2. How do i pay my forex taxes on turbo tax?
  3. When forex tradeing why cant I trade both sides and use a stop loss?
  4. How to get a free trial of Megadroid Forex for my practise account on Forex Trader?
  5. Q&A: Is it possible to make a great profit over a month with Forex trading?