do currency trading losses count as investment losses?

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do currency trading losses count as investment losses?

2007-01-26 02:15:48 · 2 answers · asked by Jilm_Jones 3 in Business & Finance ➔ Taxes ➔ United States

2 answers

It depends on the amount of trading you do. You would have to quaailfy for a mark to market status, which is usually for professional traders. Check with your accountant.

2007-01-26 02:22:20 · answer #1 · answered by Big D 4 · 0⤊ 0⤋

Generally, they are capital losses the same as Stock losses subject to the $3000 per year limit.

2007-01-26 10:23:25 · answer #2 · answered by Wayne Z 7 · 0⤊ 0⤋