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HOPE2
Level 7
Apr 8, 2023 3:46 PM UTC
Question

FOREX.COM AND 1099-B

Hi to all folks.

Client has a 1099-B from Forex and annual statement shows loss. Where can I enter it?

Is this section 988 foreign currency?

 

Thanks for your help.

This topic has been closed for replies.

5 replies

qbteachmt
Level 15
Apr 8, 2023 4:00 PM UTC

Is this the same taxpayer for the topic you already asked, here:

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/1099-b-from-gain-capital-holding-and-forex-com/00/259112

If so, no need to ask twice.

Don't yell at us; we're volunteers
HOPE2
HOPE2Author
Level 7
Apr 8, 2023 4:43 PM UTC

Thanks. I tried to find my last question to reply it to ask a help so that I thought that I did not posted already so I posted again my question sorry about that. Could you please help me to find my answer.

sjrcpa
Level 15
Apr 8, 2023 5:13 PM UTC

per the 1099-B instructions, Boxes 8 -11 go on Form 6781.

2023 Form 1099-B (irs.gov)

 

The more I know the more I don’t know.