Can I put Capital Loss in Forex trading on Tax Return? -

So this year I tried www.fxcm.com Forex trading and lost $1300. I was wondering if I can somehow put this on my tax return as capital loss and where I would put such an item. You can put on your tax return, but only to offset the capital gains on another forex/securities related trade. The obvious place to put it is on schedule D as short term losses. These follow irc 988 unless you previously elected to follow 1256. yes you can , same as if you made profits. no Yes you can. It may not be legal but you can do it. Good Luck