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Forex Cost Basis

This page lets you update the cost basis for your Forex balances as of December 31, 2009.

Who Can Access the Forex Cost Basis screen?

• Individual, Joint, Trust or IRA Account User
• Small Business Account User
• Friends and Family Master or Client
• Advisor Master
• Advisor Client
• Proprietary Trading Group Master
• Proprietary Trading Group Sub Account User
• Broker Master (master account only)
• Broker Fully Disclosed Client
• Investment Manager Master
• Fund

To update your Forex cost basis

1. Click Reports > Tax. The Tax Reports screen opens.
2. In the Cost Basis Panel, click the Configure (gear) icon for Forex.

   

   The Forex Cost Basis screen opens.

   If you do not have any Forex balances as of December 31, 2009, a message to that effect appears, and there will be nothing that you can do on this screen. Exit the screen using the menu or breadcrumbs.

   If you do have eligible Forex balances, the screen shows the currency and quantity of your Forex balances as of December 31, 2009. They appear in a table with each row representing a different currency.

3. Enter the cost basis for each Forex balance in the Cost Basis field. Be sure to enter the cost basis in the opposite sign of the balance. That is, if the quantity is a positive number, enter a negative cost basis.
4. Click CONTINUE.