Stockmaster
Registered User
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- 25
I know that, I'm talking about CGT rather than trade income. It would probably suit you better if you had been registered as having a trade in share dealing, since the losses each year could have been set against other income of yourself/your spouse, rather than having to be carried forward against future capital gains. I would suggest you'd find Revenue unlikely to accept that your level of activity would have constituted a trade.I am not looking to record losses as a trade.
I did not record them as capital losses already as I didn't know that you had to. I was hoping to record them as capital losses for those years that can now be carried forward in to future years where I might make a capital gain.
How do I go about this.
I'm not sure that even that volume of trades would have been accepted as constituting trading - the overall picture would be looked at, and the likelihood is that you would be deemed to have been indulging in a hobby, similar to a hobby farmer.You are right, I should have done ti as a trade as I must have had over 500 trades during that period and about 6 courses on various strategies. So it is going to be a bit of work inputting all the $/€.
Do you recon that i can add up all the losses for all the years and input them in this years tax returns (since 2004) as one loss?
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