I lost money trading foreign currency through OANDA I have a printed copy from them of my net realized loss but no 1099B
You would report your foreign currency loss as a Section 988 transaction and treat it as an ordinary loss in accordance with IRS guidelines. This defaulttreatment of foreign currency gains is to treat it as ordinary income. An advantage of Section 988 treatment is that any amount oanda review of ordinaryincome can be deducted as a loss, where only $3,000 […]
