Recent content by hawkyama

Actually, Marketiva doesn't accept US resident. I forgot to write it down. There is always risk to deposit money to FX company even within USA. Don't you remember about RefcoFX? But, as the compnay is located in Switzerland, I'm not too much afraid of sending money though. What we can do...

Is it really possible to claim all losses when we make relatively huge amount of money? I doubt I can claim my income becomes almost 0 or even negative because of FX trading then IRS doesn't audit it at all. If IRS requires the evidence, I would submit my trading record then they notice it's not...

Marketiva, a FX company located in Switzerland doesn't require any interest, I guess. You don't receive any interest either though. So you can sell one pair which has negative interest and buy the same pair on normal FX compnay at the same price, technically you can get that interest with no...

This is a nightmare to me as well. For now, what I found out to report gain/loss on Forex trading to IRS is using form 6781. Especially this is the only way to report loss as a individual tax payer I guess. To stick with section 988 mentioned the below article, you have to attach a list of...