http://www.myylt.com/2008/10/23/taxes-forex-losses-on-year-over-3k-profit-next-year/ Discussion of Forex Trading and Currency Trading Tue, 22 May 2012 05:03:20 +0000 http://wordpress.org/?v=2.3.3 http://www.myylt.com/2008/10/23/taxes-forex-losses-on-year-over-3k-profit-next-year/#comment-8783 v b Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2008/10/23/taxes-forex-losses-on-year-over-3k-profit-next-year/#comment-8783 When you have a loss on schedule D and it carries forward to the following year, it reinvents itself. So, yes, you carry $17K forward and the full $10K gain can be totally absorbed, leaving you with another $3 loss and $4k to carry forward. When you have a loss on schedule D and it carries forward to the following year, it reinvents itself. So, yes, you carry $17K forward and the full $10K gain can be totally absorbed, leaving you with another $3 loss and $4k to carry forward.

]]> http://www.myylt.com/2008/10/23/taxes-forex-losses-on-year-over-3k-profit-next-year/#comment-8784 Ritch Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2008/10/23/taxes-forex-losses-on-year-over-3k-profit-next-year/#comment-8784 You can only carry over 3k a year unless the rules changes. So the 20 k and loses will only absorb 3k of gains next year. You can only carry over 3k a year unless the rules changes. So the 20 k and loses will only absorb 3k of gains next year.

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