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Hello everyone, sorry to just drop in on this topic but I'm in need of dire help. I'm a college student who is in desperate need for financial aid, and the FAFSA application required for aid has a calculation method which ignoring assets when calculating Expected Family Contributions. This method called simplified needs and requires a 1040a tax form, therefore no capital gains, and me and my parents both lost a couple of thousand through ForexTrader, which is what you guys call spot trading I guess.
I really know nothing about taxes, but is there a way to still do the 1040a simplified tax form when there has been forex losses?
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