Schedule D required for IRC 988 filing? | Forex Factory

Schedule D required for IRC 988 filing?

#1
First Post: Jan 27, 2012 11:43am Jan 27, 2012 11:43am

Rabid Leper
| Joined Sep 2011 | Status: Trader | 35 Posts

I am reporting profit on line 21. Do I need to fill out schedule D as well? If so, do I need to list every trade?

(I am aware of 1256)

#2
Jan 27, 2012 6:17pm Jan 27, 2012 6:17pm

TrevDawg
| Joined Dec 2011 | Status: Trader | 6 Posts

Not sure about schedule D, but no, you don't need to list every trade. Just what you profited or lost for the year.

#3
Last Post: Feb 2, 2012 12:45pm Feb 2, 2012 12:45pm

Rabid Leper
| Joined Sep 2011 | Status: Trader | 35 Posts

so enter amount on line 21, label "forex", and I'm done????

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Schedule D required for IRC 988 filing?
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