Easy Tax Question

Hello,

I have a spot trading cash forex account. I swing trade holding no more than a few days and in my first year of currency trading, I didn't even make money. I lost $1,837.00.

I trade through Gain. Gain sent the IRS one 1099-B for my account which simply shows my total loss for the year.

What is the easiest way for me to report this loss on the Schedule D form that I will send to the IRS?

I live in the United States.

Thanks,

Jeff

Not advice:

Only suggestion:

Read this: http://www.irs.gov/pub/irs-pdf/f6781.pdf

(the form and the instructions)

As always, consult with a qualified tax professional.

Once you find out what such a practitioner would likely tell you,
you'll feel as if you took your car to a mechanic to change the radio station.

What I mean is, it's tax law, but it's not that complicated so that a human being
with enough desire to understand and absorb it can certainly do so.
Mostly filling out forms correctly. If you were good at taking tests in school,
you can probably navigate a 1040 with some effort.

....and no, a Section 988 election is likely not for you, just to save 3 or 4 hundred dollars
in net tax liability in one year for an 1800.00 loss and then potentially waive some part or all of
your Section 1256 going forward. Wait until you make or lose 50 or 100 thousand in a single year
before worring about that. You do have some choices though. That's when it's time to get a pro's help.

Again, not advice just some suggestions.........