Comments on: Taxes – Forex Losses in an LLC that conducts other business? http://www.getgoatz.com/49/taxes-forex-losses-in-an-llc-that-conducts-other-business Mon, 26 Dec 2011 11:17:35 -0500 http://wordpress.org/ hourly 1 By: v b http://www.getgoatz.com/49/taxes-forex-losses-in-an-llc-that-conducts-other-business/comment-page-1#comment-159 v b Fri, 31 Jul 2009 23:02:22 +0000 http://www.getgoatz.com/49/taxes-forex-losses-in-an-llc-that-conducts-other-business#comment-159 The tax code doesn't let you mix these. Your business is clearly the software development work. You had income here and when you had contracts you actually worked on them. Your losing hobby was the forex trading. Most likely these will fall under 1256 rules and be entered on schedule D and limited to $3000 of loss against other income. The tax code doesn’t let you mix these. Your business is clearly the software development work. You had income here and when you had contracts you actually worked on them.

Your losing hobby was the forex trading. Most likely these will fall under 1256 rules and be entered on schedule D and limited to $3000 of loss against other income.

]]>