Reporting Profits to IRS (US Gov. Tax)

So…anyone have to report to the IRS on their profits/loss yet?

For those of you who do report to the US - IRS How much of your profits do you set aside in case you may need to owe the IRS?:confused:

Do search for “forex taxes” or something like that. There are answers out there. From what I understand there are 2 tax categories that you can claim, one is more helpful if you have a certain amount of losses and the other if your losses are low. Your best bet though is to contact an accountant or the IRS and get the official info as this is not something that I would leave to general public to solve for you.