Discussion in 'Professional Trading' started by Arjun1, Feb 25, 2009.
Are FX trades included under 1256 contracts?
I've never found Fx transactions on my 1099 forms.
The swap transactions are reported.
SPot FX is NOT reported to the IRS
Many dealers DO REPORT the swap debits and credits.
I'm assuming the OP is referring to retail spot fx and not dealing with a major dealer bank.
Also the firm I deal with to trade spot reports nada...
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