Tax - avoiding the wash sale rules

[Ashe]

Mark-to-Market- each contract held at year-end is treated as if it was sold at fair market value.

Its been a while, but I remembered a question about the tax implications of actively trading futures/options contracts. There is an election you can take under section 1265 by filing tax form 6781 with your 1040 where you can automatically treat 60% of your trades as long term and 40% as short. All contracts are mark-to-market @ year-end, and wash sales rules do not apply. Not sure if this helps anyone, but I thought I would throw it out there.

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[SevenStuda]

Helps me, thanks.