US Taxes and Forex

Hi,

Pretty new to forex trading. I noticed certain trading platforms can give you the yearly profit/loss for your account in an annual statement. Is reporting the profit/loss from the annual statement sufficient for US tax reporting, or do you also submit an excel sheet of every single trade you did for the year?

Thanks

Welcooome! :blush: Tbh, I’m not really from the US so I can’t draw from personal experience. :sweat_smile: But here’s an article that might be helpful! :blush: