View Full Version : Can Forex Gains Offset Mutual Fund Losses


AtHome
Over the last months I've made some nice gains doing Forex (currency) trading. Can I offset these gains with the losses I took cashing-in my mutual funds?

clydewolf
AtHome,

Good to see you have some gains.

Your mutual fund sales are reported on a 1099-B.
On what form are your forex sales/gains/losses reported?

AtHome
AtHome,

Good to see you have some gains.

Your mutual fund sales are reported on a 1099-B.
On what form are your forex sales/gains/losses reported?

I don't really know which form, I just entered Forex trading this year after studying it for the last few years.

I also have some very good gains from finanical stocks, and I would perfer hold off taking those gains to off-set the mutual fund losses if I can use the Forex gains to offset. The Forex gains are realize gains, stocks are unrealized gains.

clydewolf
AtHome,

There is much more to consider than you and I want to discuss in this forum.

Here is a link that may help you determine how you will claim your forex gains:
http://www.greencompany.com/EducationCenter/GTTRecCurrency.shtml