Filing for FOREX Trading

FOREX (Foreign Exchange Market) trades are not reported to the IRS the same as stocks and options, or futures.  FOREX trades are considered by the IRS as simple interest and the gain or loss is reported as “other income” on Form 1040 (line 21).  No special schedules or matched trade lists are necessary. 

For a detailed discussion on filing your taxes for your FOREX trades see the GreenTraderTax Currency Education topic.

Return to Tax Topics Main Page

^{Please note: This information is provided only as a general guide and is not to be taken as official IRS instructions. Armen Computing Ltd. makes no investment recommendations and does not provide financial, tax or legal advice. Please consult your tax advisor or accountant to discuss your specific situation. You are solely responsible for your investment and tax reporting decisions, and you should carefully evaluate all information delivered to you by Armen Computing Ltd. and TradeLog. Not all information may be appropriate for all investors.}

• Capital Gains
• Wash Sales
• IRS Schedule D
• Mark to Market
• Which Form to File?
• Stocks, Options, Single-Stock Futures, and Mutual Funds
• Futures and Commodities
• Currency Futures
• FOREX
• Brokerage Reporting
• Common Misconceptions
• Options
• Futures
• Mutual Funds
• Dividends