IB FOREX Tax Reporting ? ->

Discussion in 'Forex Brokers' started by Stok, Apr 24, 2012.

  1. Stok


    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?
  2. I report the forex on a separate line in the same section of the tax form as the futures contracts are reported.