Forex Tax Treatment 2016

16 Mar

Many taxpayers, preparers and IRS agents mishandle forex tax treatment and elections.

Mar 16, 2016 at 4:00 pm EST

If you want a recording, we suggest the latest version: How To Report Forex Trades On 2016 Tax Returns & 2017 Planning

Join CPA and forex tax expert Robert A. Green CPA. In this GreenTraderTax Webinar, Mr. Green will explain how to handle forex trades on income tax returns including:

  • Forex spot, forward and OTC options;
  • Forex Section 988 ordinary gain or loss treatment;
  • Section 988 opt-out (capital gains) election;
  • Qualifying for lower Section 1256(g) 60/40 capital gains rates;
  • Tax return examples for Section 988 vs. Section 1256(g) forex tax treatment with trading gains vs. trading losses. Green shows you how he prepares tax returns for forex traders.
  • Reporting unrealized gains and losses with Section 1256(g);
  • Rollover trades, interest and open P&L;
  • Broker tax reporting, tax forms and summary reporting;
  • IRS and state tax notices questioning forex tax treatment; and
  • CFTC rules for retail off-exchange forex traders.

 

 

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