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NB54, That is not what I was referring to but that may be the easiest way to determine my P&L. I zero out the foreign currencies after every trade. By adding up all of those currency conversions it should give me the total. Is there ever a case where I would have USD left over after closing a trade?

N54, That is not what I was referring to but that may be the easiest way to figure my gains. I always converted the foreign currencies to USD after closing the trade. I will look back at those conversion transactions to determine my P&L. Thanks.

I am looking at my IB annual statement trying to figure out my FX P&L for last year. Could someone tell me how to read this statement? Just looking to get the net gain in USD to report on my tax return. My base currency is USD. Each currency shows sales and purchases in that currency but not in...