Reporting"ordinary" currency trade loss?

[drennman]

I bought euros in my brokerage account to wire for a purchase.  I later decided against the purchase and sold the euros back into dollars.  Which generated a relatively small loss.

My brokerage 1099 lists the loss as "Currency Realized Gain/Loss (USD)" on a page titled "Supplemental Information Not Reported to the IRS."  

I find information that says I should report this transaction on Schedule D (Box C) and on this site that I should report it on Schedule 1 "Other Income."  The tax result is the same in either case.  

Does it matter which way I report the loss?  Is Schedule 1 the correct way?  

Advice?  

Thanks!

[MarilynG1]

Foreign currency exchange losses are reported as Other Income, rather than Capital Gain/Loss.

Click this link for instructions on How to Report Foreign Currency Exchange Loss. 

[drennman]

Thanks!.