marmaris
New Member

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.