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forex loss
If you did not elect out of IRC 988, report your forex trading loss on line 21 of Form 1040 as Other Loss.
Don't enter it like a futures contract on Form 6781 unless you elected out of IRC 988.
There is no 3k capital loss limitation on line 21 of Form 1040, whereas there is a capital loss limitation with Form 6781 - which then moves over to Schedule D.
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