I lost money trading foreign currency through OANDA I have a printed copy from them of my net realized loss but no 1099B
Yes, OANDA is a Forex and CFD broker and is regulated by Section 988 of the internal Revenue code. You would report your foreign currency loss as a Section 988 https://limefx.group/ transaction and treat it as an ordinary loss in accordance with IRS guidelines. This defaulttreatment of foreign currency gains is to treat it as ordinary income. By default, retailFOREX traders fall under […]