Thread: New Kid on the Block
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Old 02-20-2007, 08:48 PM
GreenTrader Tax GreenTrader Tax is offline
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Join Date: Mar 2006
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forex loss
A forex loss goes on line 21 of Form 1040 - Other Income or Loss.

Unless if you elected out of IRC 988 forex rules on a contemporaneous basis in 2006; in which case the gain or loss goes on Form 6781 like futures.
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