Forex 1099
Do I need a 1099-B to claim capital losses on exchange rate? My agent does not send file / they …?
My agent does not send / File Form 1099-B. "I can claim Forex Loss? Do I have to attach documents to show that these losses had actually occurred?
If your agent will not send you a 1099, you need to get a new broker. Yes can occur without the 1099. Just make sure you have documentation especially in the case of an audit. The IRS usually uses 1099 information as compared to what the taxpayer reported.