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 transaction and treat it as an ordinary loss in accordance with https://limefx.biz/ IRS guidelines. This defaulttreatment of foreign currency gains is to treat it as ordinary income. By default, retailFOREX traders fall under […]