ILLMAS Posted July 25, 2012 Report Share Posted July 25, 2012 It seems the IRS finally starting to go after currency exchange "cash" customers, has anyone dealt with a case before? Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted July 30, 2012 Report Share Posted July 30, 2012 No, I'm happy to say I have not had to deal with that one. Good luck. Quote Link to comment Share on other sites More sharing options...
Kea Posted July 30, 2012 Report Share Posted July 30, 2012 Yes, I've had a small handful. On this topic, I have a client who received 3 1099Bs with info for lines 10 - 14 (for straddles and futures trades). There was also info on one of the 1099Bs for futures that were not included in the Line 10 total. I orignally listed this as a separate line item. But that takes me to 4 lines and the software says it can't be e-filed. I plan to add in the info for the non-1099-reported sales with to the line 10 / 13 totals. That will actually give me a lower number (since they were loses). Will that cause any processing problems? (I really don't want to have to paper file.) Thanks Quote Link to comment Share on other sites More sharing options...
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