Are FX trades reported to IRS?

Discussion in 'Professional Trading' started by Arjun1, Feb 25, 2009.

  1. Arjun1


    Are FX trades included under 1256 contracts?
  2. I've never found Fx transactions on my 1099 forms.
  3. The swap transactions are reported.
  4. SPot FX is NOT reported to the IRS
  5. Many dealers DO REPORT the swap debits and credits.
  6. Also the firm I deal with to trade spot reports nada...