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Forex loss treatment for retail traders.
Hi guys,
I have traded forex in 2022 and got a loss for about $25k which is higher than my wages for the same year.
Can I elect to deduct 2022 forex loss in my next year tax return instead of 2022? Just not to include in 2022 tax filing but use the entire $25k loss in 2023 to offset higher wages?
Appreciate any thoughts.
‎February 25, 2023
1:57 PM