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!
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Call your broker to find out how you can download the information directly to your tax return software.
Your broker should have a write up on this.
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