Foreign Exchange Position (forex)

Report foreign exchange positions and income produced by positions in Schedule A.

Foreign Currency: Examples

For You, Your Spouse, and Your Dependent Children

Schedule A

Report 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).

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This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.