4 ms·
https://www.irs.gov/irb/2014-16_IRB#NOT-2014-21 https://www.irs.gov/irb/2014-16_IRB#NOT-2014-21 It's reported as a security - other, which is laid out like the
by freeone3000 6y ago
https://www.irs.gov/irb/2014-16_IRB#NOT-2014-21 https://www.irs.gov/irb/2014-16_IRB#NOT-2014-21
It's reported as a security - other, which is laid out like the stock trades 1099. Your taxable amount is the difference in price between what you paid for the currency and what you "sold" it for (both in USD).