Claiming your trading losses on Taxes

Hello everyone,
so this is my story I have invested a total of about 4k dollars in forex and I never got to withdrawal anything, and blew my account... I was reading and I saw that you can claim up to $3k in losses is that true? Has anyone here ever claimed their losses? And for the remaining $1k can I claim that in next years taxes? Thank you guys everything helps!

Bump

Hmm I've never heard of claiming losses.. Hope your luck in Forex turns soon!

I have made reasonable gains last 2 years and have paid full tax rate. If I have losses I will definitely claim .The accountant does tax and I cant recall section number on Australian Tax form but there is definitely a section for FX.

I have heard about claiming losses of forex, even none has done it. I have seen so many websites and forums but never seen this claim kind of work issue..

 Hey fellas, yes. You have just as much right to claim your losses as the government has the right to claim taxes on your winnings when trading any financial instrument. It doesnt matter. Talk to your tax accountant or whoever you use to make an informed decision. You also can wait a year or two to claim the losses. I would advise doing it in a year where you make some good money.

You will have to ask your accountant. I have no idea about US tax regulations. But here in Australia you cant claim a loss in trading fx unless you have made a profit of over $20,000. also you dont have to pay any tax until you profit $20,000 in a year. Then its goes on as ordinary income tax.