Commodity customers of failed futures broker MF Global, Inc., face several tax issues relating to the broker’s liquidation. First, the customers must determine what tax items relating to their MF Global accounts to include in the preparation of their 2011 tax returns. Second, the customers may need to decide when and whether they can deduct a loss for any amounts not recovered. Normally, commodity customers of an FCM receive from the FCM Forms 1099-B (which generally report trading gains and losses) and 1099-INT (which report interest income) that indicate what items the customers should include in their tax reporting. The…