How to deduct losses in FOREX? -

I have losses for the tax year 2008 for trades involving FOREX? Are these deductible and where nd how would they be deducted? It is deductible only if the company went bankrupt or you sold the stock in 2008; otherwise you lost your opportunity. If you did sell, you take the loss on your Schedule D - you ll get a 1099 for reporting purposes. If you didn t sell it you can take the loss for 2009 if you sell it in 09