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Tax - avoiding the wash sale rules
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. [img]/images/graemlins/smirk.gif[/img] |
#2
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Re: Tax - avoiding the wash sale rules
Helps me, thanks.
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