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Forex Trading losses

Newbie

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Replies 3

Hi, I am wondering that I should declare my losses of forex trading with this tax return time or is there any other

oppotunity to report my trading history? I could find where I can put my forex gains in the Tax return web document but I could't find where I am able to declare my losses. 

1 ACCEPTED SOLUTION

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Most helpful response

Initiate

Replies 0

This will most likely go under capital gains/losses. I found a good thread about the tax treatment of Forex trading -https://community.ato.gov.au/t5/Personal-tax-questions/Forex-Trading/td-p/17551

 

Have a look at this as well - https://www.ato.gov.au/Individuals/myTax/2020/In-detail/Capital-gains/

3 REPLIES 3

Most helpful response

Initiate

Replies 0

This will most likely go under capital gains/losses. I found a good thread about the tax treatment of Forex trading -https://community.ato.gov.au/t5/Personal-tax-questions/Forex-Trading/td-p/17551

 

Have a look at this as well - https://www.ato.gov.au/Individuals/myTax/2020/In-detail/Capital-gains/

Newbie

Replies 1

Hi @Nami , Did you find out the answer to your question? I am on the same boat right now doing my online tax claim. Thanks

ATO Community Support

Replies 0

Hi @ihaveaquestion,

 

We have answered this on our forum, you can view our response here.

 

If you have further questions please post them here.