FORUMS BROKERS SOFTWARE
Home
 
    Forums > Currency Trading > Forex Brokers > IB FOREX Tax Reporting ? ->

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?
    Quote
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.
    Quote
 
Reply
Thread Tools

Forum Jump



   Conduct Rules   Privacy Policy   Sitemap Copyright © 2014, Elite Trader. All rights reserved.   

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Trading & Clearing
Alpha 7 Trading Academy
Proprietary Trading Education
AMP Global Clearing
Futures and FX Trading
Bright Trading
Professional Equities Trading
CTS
Futures Trading Software
DaytradingBias.com
Professional Trading Analytics
ECHOtrade
Professional Trading Firm
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
MultiCharts
Trading Software Provider
NinjaTrader
Trading Software Provider
OANDA
Currency Trading
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thinkorswim by TD Ameritrade
Direct Access TradingAdvertisement
TradersStudio
System Building & Backtesting
Trading Technologies
Trading Software Provider
Trend Following
Trading Systems Provider