Tax Time for the US

Hello,,

So many threads on taxes I cannot make heads or tales of everything! I don't care about paying taxes, I just don't want to get audited! So, can I use turbo tax to do my taxes? If so, do my forex trades (fx choice) need to be itemized like day trades? If so, do they get listed like

03/12/2015....EurAud....sell....1.40645 buy 1.38245 volume .05 gain/loss 91.25

or something like that ????

or can I just list how much profit I made on some form or the other?

bump*

Also put into perspective all the spread you paid for every trade taken....., whether it was a winning or loosing trade you paid the spread.

That is a taxable lose I guess!!

Depends how you have it set up , and how much money you made or lost. If you have a real job, and you haven't made much money on forex (which i assume is most people here)... than your forex trading is considered a hobby.. and you can just add up the winnings, and put them down as additional income, or on the gambling line. Forex trades are not reported to the IRS. So any reporting is done by you. Of course they can audit if they feel something feels money.. thats why if your forex winnings start being substational, than you should probably structure it as a business.. or start treading futures market instead.. cause of capital gains savings? even tho they are daytrades... .. or declare Mark to market.. i think its called.. n do it that way.