Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

1099-B FROM GAIN CAPITAL HOLDING and FOREX.COM

HOPE2
Level 9

Hi to all folks. Client has a 1099-B from gain Capital Holding and annual statement from Forex.com

Said, 1099-B is about metal trading and annual statement for currency exchange.

His 1099-B has a number on box 8 (negative amount) and box 11, aggregate profit or loss same amount  but does not have cost basis, proceeds, short-term, long-term, date acquired,.....

He also has a annual statement from Forex.com with Realized P/L From Settled Trades : negative amount

Financing amount, Interest and Fees Deposits,.....

For me it is very new and do not know how to enter it, could I have your help.

Thanks 

0 Cheers
3 Comments 3
HOPE2
Level 9

It is new for me and I need a help my folks.

0 Cheers
Sean_M
Level 3

Did you learn anything?  I have the same type of Forex P/L statement showing losses.  Can be Section 988, but I can't figure out how to enter than in ProSeries.

0 Cheers
HOPE2
Level 9

form 6781, Gains and Losses From Section 1256 Contracts and Straddles.

 

0 Cheers