A quick question.
I trade spot forex through forex.com. I have some losses and I would like to to know how do I file these losses on turbo tax. I printed out my trading transaction history for during 2014, and on the transaction, it reported a loss for the year. I spoke to a cpa through turbo tax and he said that they wouldn't question if I filed my gains or losses through Box B(short term), under Scheduled D.
Here is my questions.
#1-I would like to clarify if its proper for me to continue to file these gains/losses under schedule D since I was never sent a 1099-b form, rather a printout from the forex.com website?
#2- is trading spot currency through forex.com, or fxcm considered a foreign currency futures "contract" ?
#3-I've read over time that i should enter gains or losses under section 988. Am I still entitled to utilize capital loss carry over?
I just like to officially know how to file it properly on turbo tax.
Any help is much appreciated.
