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.

 

 

Testimonials

Green & Co. has provided tax consulting service for a number of years, initially when we had more complicated trading issues and more recently with more common events. We have ALWAYS been able to contact Deborah almost instantly and had our questions answered quickly, professionally and thoroughly explained. Thank you again, as always, for your excellent support. 5 stars.

DEN

Close