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forex no loss
Do I need a form 1099-B to claim capital losses from forex? My broker does not send/file them…?
My broker does not send/file form 1099-B. Can I still claim forex losses? Do I need to attach paperwork to prove that these loses actually took place?
If your broker doesn’t send you a 1099, you need to get a new broker.
Yes you can file without the 1099. Just make sure you have documentation on everything in the event of an audit. The IRS normally uses the information from the 1099 to compare it to what the taxpayer reported.