Trading Forex Taxes
Lost AU16, 000 for foreign exchange trading this year fanancial. Am I entitled to money from my tax return? Yu?
The loss of $ 16,000.00 capital is a loss. In the Brazilian tax law, capital losses are deductible only capital gains. The short answer to your question is no, except to the extent that you may have some capital gains. included you will not lose heart, the capital loss carried forward indefinitely. ie up to $ 16,000.00 in investment income. What you must remember, however, the loss of capital is above all other discounts eg 50% for 12 months operation applied.
Forex Trading Robot
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Filed under: Trading Forex
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