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    imagine044's Avatar
    imagine044 Posts: 6, Reputation: 1
    New Member
    		  
    #1

    Mar 25, 2010, 03:40 PM
    Gain on Foreign Exchange rate (need to file?)
    Hello,

    Does anyone know how to file gain on foreign exchange rate?
    I was wondering if I need to include it under Capital gain(D).

    Also, where do I include gain on State tax return (CA)?

    Thanks for your advice.

    Angela
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Mar 25, 2010, 08:39 PM

    Did you do trading in currency? If yes, report on schedule D (Form 1040).
    imagine044's Avatar
    imagine044 Posts: 6, Reputation: 1
    New Member
    		  
    #3

    Mar 26, 2010, 09:49 AM

    Thank you for the answer :)
    Do I also use Sch D on CA Tax return?

    Thanks.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #4

    Mar 28, 2010, 03:16 AM

    Yes.
    Jaykid007's Avatar
    Jaykid007 Posts: 74, Reputation: 1
    Junior Member
    		  
    #5

    Mar 28, 2010, 09:00 AM

    Im in CA and the schedule D on the fed will flow through the CA adjustment form. There is no schedule D on a CA return.
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