Report foreign exchange positions and income produced by positions in Schedule A. For You, Your Spouse, and Your Dependent Children Schedule AReport a foreign exchange position if the value of the position was more than $1,000 at the end of the reporting period, or if the position produced more than $200 in income during the reporting period. Block A: Provide the name of the foreign exchange position by identifying the currency pair (e.g., “US Dollar-Japanese Yen”). Block B: Report the value by marking the appropriate column. Block C: Report the amount of income produced by the position during the reporting period by marking the appropriate “Amount” column. If the amount of income is more than $200, you also need to report the type of income by marking the applicable “Type” column(s). Click Here for Frequently Asked Questions
This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.