If I incur losses from overseas forex trading, do I need to file a tax return? Also, can losses incurred this year be carried forward to the following year? Generally, you do not need to file a tax return for losses from overseas forex trading. However, if you have profits from other miscellaneous income, you may need to file a tax return for that year... Read more Do I need to file a tax return for losses from overseas forex trading? We also explain how to fill out the necessary documents and how to offset losses against gains for tax purposes!