Hi guys
I am wondering how you enter the forex profit and losses for an Australia tax return. I have spoke to my account and he doesn't know how to enter it as it has total gross sales and total gross purchases. where as trading you either make profit from a trade or make a lose from the trade. the only way I can think of doing this is adding up the opening price for a trade vs the closing price then times it by the leverage. only problem is I have 525 trade for the financial year
any help would be awesome cheers!
I am wondering how you enter the forex profit and losses for an Australia tax return. I have spoke to my account and he doesn't know how to enter it as it has total gross sales and total gross purchases. where as trading you either make profit from a trade or make a lose from the trade. the only way I can think of doing this is adding up the opening price for a trade vs the closing price then times it by the leverage. only problem is I have 525 trade for the financial year
any help would be awesome cheers!