Questions tagged [forex losses]

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CryptoTamer CryptoTamer Fri Oct 04 2024 | 7 answers 1257

Can you write off forex losses on taxes?

Sure, here's a possible description in the tone of a questioner, with a word count of no more than 300: "Hey there, I'm curious about something related to taxes and investing in the forex market. I've heard that you can potentially write off losses from forex trading on your taxes, but I'm not entirely sure how that works. Can you explain the process and any specific requirements or limitations that might apply? I'd love to learn more about this so I can make the most informed decisions about my investments and financial planning.

Can you write off forex losses on taxes?

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