Tax filing and forms OANDA Corporation

OANDA does not report taxes on behalf of our clients, and as such, we do not provide any tax forms relating to profit/loss on your account (e.g. 1099-B form). Your annual account statement may help you with your tax reporting. You can download your annual account statement from the HUB by clicking on Statements .

Only Forex trading account statements are available in the HUB. Cryptocurrency trading accounts are held with Paxos Trust Company LLC. Crypto account daily statements will be emailed to you if there is any deposit or withdrawal on your account, or if you have any holdings. You will also receive spot crypto monthly statements sent to your email address.

Annual account statements for the previous calendar year typically become available for download in late February of the following year.

 

Unfortunately, OANDA cannot provide tax advice. If you have questions about how to properly file your taxes with regard to your trading activity, please consult a tax professional or the tax authority in your jurisdiction.

The 1099-INT (US) is a tax form related to interest income, and is required to report interest earned on your account balance. The 1042-S tax form is also related to interest income, and applies only to clients with OANDA Corporation (U.S division) who live outside of the US. You do not need to send these forms to the IRS (US tax authority). Please keep them for the filing of your personal income tax return and provide them to your accountant, if applicable.

These forms are used for balance interest only and do not apply to trade financing charges (trade interest) or trading profit/loss.

Starting in 2023, OANDA has been paying interest on unused margin. If you have earned more than US $600 in interest, you’ll receive the 1099-INT/1042-S form by email from noreply@tax1099.com. Click on the link in the email to log in and download your form. Follow these instructions for login:

  • Enter the email address associated with your OANDA account.

  • For the password, read the Password Scenarios provided on the tax1099.com’s login page.

  • Click on Request code to receive a verification code on the email associated with your OANDA account

  • Enter the verification code and login

 

Still have questions? Chat with an agent.