Does a forex trader just needs to get a 1099 form from their broker at the end of each year? - Forex Questions and Answers - FXAnswer

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Does a forex trader just needs to get a 1099 form from their broker at the end of each year?

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In Forex Brokers
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- Lisa
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1 year ago

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0 Votes Not in England by Phoenix 1 year ago by Phoenix 1 year ago
0 Votes Lisa, only US based brokers are obligated to sent you a 1099 per federal law. If you use a foreign broker, it's up to you (the trader) to report your earnings. by Tyce 1 year ago by Tyce 1 year ago
0 Votes Our broker will prepare Form 1099 which will list down all interest or dividends they have paid to us as investor during the previous tax year. The Forms-Form 1099-INT for interest income and Form 1099-DIV for dividends-are supposed to be sent to investors by the end of January. by Kingpin 1 year ago by Kingpin 1 year ago

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Not in England

Phoenix

1 year ago

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Lisa, only US based brokers are obligated to sent you a 1099 per federal law. If you use a foreign broker, it's up to you (the trader) to report your earnings.

Tyce

1 year ago

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Our broker will prepare Form 1099 which will list down all interest or dividends they have paid to us as investor during the previous tax year.

The Forms-Form 1099-INT for interest income and Form 1099-DIV for dividends-are supposed to be sent to investors by the end of January.