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Old Apr 24th, 2012, 02:51 PM   #1
Stok
 
 
Join Date: Sep 2003
Location: Dallas
Posts: 803
How do I handle this? Cash forex is treated as 1256 contracts (I made that election), but the IRS gets NO information on Forex P/L. So, when I report my futures P/L (1256 contracts) do I add in Forex P/L for a net number, or do I list them separately? And where do I do this?
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Old Apr 24th, 2012, 04:44 PM   #2
Hurricane
 
 
Join Date: Jan 2003
Posts: 766
I report the forex on a separate line in the same section of the tax form as the futures contracts are reported.
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