Annual declaration in case of loss from trading in shares and currency

Annual declaration in case of loss from trading in shares and currency

Question:
Hello!

 I don't have a company and last year I used an online stock and currency trading platform of a European company. I invested a little money to start the business, but this trade has a high risk factor and I lost almost all the money. I would like to receive advice on whether to submit an annual tax return and, if so, under which paragraph.

I want to work this job again this year and become your client. I would be glad if you could help me.

Thanks in advance!

 

Answer:

Hello,

In any case, you should file an annual tax return. In it, you must fill out appendix 5 (if you have no more than 1-2 transactions per month) or appendix 2 (if the transactions are more), in which you should reflect the expenses from the purchases made and the income from sales and, accordingly, calculate whether it was realized profit and whether you owe tax or not. And Appendix 8 in case you still own any shares of foreign companies. The best option is to get your PIK from the NRA and submit the declaration through it.

We hope we have been helpful!

Greetings!