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Isn't that the good thing about hell, you can stop doing whatever you don't want and do as you please with no consequences. And if there is a consequence you are already living it. Stop eating in hell and nothing will change, start eating and nothing will change. That being said; this life is...

Laws and rules mean you are not free, period. It's funny; Americans have this one thing so shoved into their mind from early childhood; USA is the land of free. One has to have the IQ of a rat or never have thought about it to believe America is free. America does not even reside in a...

so I was so confused about what section 988 meant, it basically says spot forex profit/loss is to be reported as regular business, like how 1099-MISC is reported where by section 1256 requires profit/loss to be filed on a separate form; form 6781 anyhow here's the link that helped me...

I'm thinking forex traded with IB is spot forex and so one should do IRC 988 not IRC 1256, and that is what makes it confusing, I don't know how I'm supposed to go about doing that on TurboTax also greencompany's page reads: "IRC 988, by default, has ordinary gain or loss treatment. Losing...

I'd appreciate it if someone could help with this, I found the forex trades on the IB annual statement, but I still don't know how to add the forex trades using TurboTax

For first time I traded Forex with IB. I bought and sold some USD, and obviously lost some money; a few thousand. 1. I am using TurboTax, and I can't find where to add the Forex trades. I read somewhere that you add currency trades under "Contracts and Straddles", ok , I go there in...