11
Sep
I lost money trading foreign currency through OANDA I have a printed copy from them of my net realized loss but no 1099B
Section 988 taxes FOREX gains and losses likeordinary income, which is at a higher rate than the capital gains tax for mostearners. An advantage of Section 988 treatment is that any amount of ordinaryincome can be deducted as a loss, where only $3,000 in capital gains losses canbe deducted....