How does Nadex provide income tax related information?
On an annual basis, Nadex provides information to its members via an IRS Form 1099-B to help you with your income tax compliance requirements. The information provided is based on your activity on Nadex. Nadex’s instruments are considered ‘commodity options’ categorized as ‘swaps’ for regulatory purposes. This may or may not be consistent with the Internal Revenue Service (IRS) categorization for your tax situation. Further, the information contained in the IRS Form 1099-B may not be applicable to or suitable for your specific circumstances or needs, and you may be required to provide other information. Consult your tax advisor before making any filings with the IRS. Nadex does not provide any tax-related advice. For more information on when you can expect to receive your 1099-B, please click here.
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