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Thread: Green Trader Tax

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#84 (permalink)

04-07-2009, 02:33 PM

GreenTrader Tax GreenTrader Tax is offline

CPA, CEO Green & Company CPAs, LLC

Join Date: Mar 2006

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capital gains election

If a trader filed the capital gains election internally (and in advance), then forex trading gains are capital gains and can offset capital losses. By default, forex trading gains are ordinary and can not absorb capital losses.

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