Foreign Broker No Form 1099-B Day Trader

Hi,

I started as a day trader in 2020, and I have over 500 trades. I am a UK and US citizen, and I use a UK broker as that is where I am permanently based. Therefore, I do not receive a 1099-B.

I understand I can report my individual trades on form 8949 selecting I do not have a 1099-B, however as I have over 500 trades, what is the easiest way to do this? Do I need to list every individual trade as I have no form 1099-B?

Thank you!

Amy

226

Expert Alumni

Feb 8, 2021 4:05:43 PM

You are allowed to provide substitute detailed reports of individual trades and provide summaries of those reports on Form 8949.

The detailed reports must include all the 8949 fields and be provided to the IRS as well as the Form 8949.

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Foreign Broker No Form 1099-B Day Trader