Does OANDA report to the IRS?

As a responsible financial institution, OANDA recognizes that taxation is a complex and individual matter that varies based on various factors such as jurisdiction and personal circumstances. Therefore, it encourages its clients to seek professional tax advice tailored to their specific needs.

Consequently, OANDA does not issue any tax forms related to clients' account activities, including but not limited to the 1099-B form, which is commonly used in the United States to report the sale or exchange of certain securities. This approach ensures that clients maintain control over their tax reporting obligations.

To support its clients in managing their financial affairs, OANDA provides comprehensive account statements and transaction histories, which can serve as a starting point for tax calculations and reporting. However, it is ultimately the responsibility of the client to ensure compliance with all relevant tax regulations.

In addition to its CORE offerings, OANDA's focus on transparency and client autonomy extends to its approach to taxation. By refraining from engaging in tax reporting on behalf of clients, OANDA promotes financial literacy and encourages clients to take an active role in managing their tax obligations.

OANDA, a renowned financial services provider, adheres strictly to its policy of not handling tax reporting on behalf of its clients. This means that when it comes to profits or losses incurred on clients' accounts, OANDA does not offer any direct assistance in the tax filing process.