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Forex traders can declare whether they will report under the 988 Section or a 1256 Section. The 1256 Section provides a 60/40 long term/short term breakout. This is about a 305 savings. Uncertain how to utilize Tubortax here for the 1256.
Oops/ That is a 30% savings.
I also forgot that you use the 6781 Form to report both the losses and gains as reported on the 1099-B.
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