Can I deduct my trading losses against my other income?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

Whether trading losses can offset other income often depends on how the activity is classified for tax purposes, the type of assets involved, and whether the losses are treated as capital losses or part of a trader business. In many cases, the tax treatment also turns on whether the account is taxab For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.