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Old 02-06-2007, 01:12 AM
GreenTrader Tax GreenTrader Tax is offline
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Join Date: Mar 2006
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reporting forex with no 1099

1099s are a brokers responsibility with the IRS; it has nothing to do with a taxpayer.

Forex gains and losses are not supposed to be reported; same for forex interest income.

But taxpayers are supposed to report all their income, which includes forex trading gains and losses and forex account interest income.

So its no excuse to say you did not receive a 1099.
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