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I had about $15,000 in losses trading Foregin Exchange over

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Hi, I had about $15,000...
Hi, I had about $15,000 in losses trading Foregin Exchange over the last financial year, am I am to able to include those losses on my tax return in Australia ?
Submitted: 1 year ago.Category: Tax
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Answered in 18 hours by:
7/21/2016
Tax Professional: Robin D., Senior Tax Advisor 4 replied 1 year ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15,890
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Hello

If a forex gain or loss is brought to account under the forex measures and under another provision of the tax law, it is generally assessable or deductible only under the forex measures.

https://www.ato.gov.au/Forms/Trust-tax-return-instructions-2013/?page=4

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