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.
MORE ON MY FUNDSHow do I deposit funds into my Nadex account? How do I withdraw funds from my Nadex account? How do I replenish my $10,000 demo account funds? How much am I risking when I make a trade? How do I verify my bank account for deposit and withdrawal? How do I verify my debit card? Where are my funds held? How do I transfer funds from a brokerage account to Nadex? How does the account inactivity fee work? When should I expect to receive my 1099-B? How much do I need to fund my account to trade on Nadex?