IB FX Tax Accounting Nightmares

Discussion in 'Forex Brokers' started by nravo, Aug 6, 2009.

  1. nravo


    I am going through my annual hair-pulling exercise with IB with regard to my FX trades and I just noticed in the CASH REPORT on the annualized calendar transaction summary, something called CASH FX TRANSACTION GAIN/LOSS. What is this? P/L foreign stock and futures trades reconverted back into dollars? It can't be my P/L from cash FX trades, as IB admits it does not summarize those. Thoughts?
  2. treat your trading seriously and have a knowledgeable CPA set you up. Then it should just be autopilot.

    Asking anonymous people on a forum for legal/tax advice is not a business or trading plan