Tax Treatment of Commodity
Futures and Futures Options
by Ted Tesser, CPA
What futures broker or trader can do without knowing
something about the tax laws affecting futures and futures options? Better still, who can go without a tax strategy these days? This new edition not only discusses the tax laws but gives you Ted's latest strategy for slashing your tax bill.
Topics covered in this booklet:
- A New Breed of Investor Dealer, Investor, Trader, Hedger
- Capital Gain or Loss Rules
- Determining Net Capital Gain or Loss
- Tax Treatment of Capital Losses, Capital Loss Carry-overs, Dividends, Section 1256 Contracts, Carry-overs of Section 1256 Losses, and Characterization of Carry-Back Losses
- Mark-to-Market Provisions
- Wash Sale and Short Sale Rules
- Short Sales of Property which becomes Substantially Worthless—Section 1233
- The Ultimate Strategy for Tax Reduction including:
- The Business
- How to Choose the Proper Entity
- Structures to Reduce, Defer, and Avoid Payment of Taxes
- Key Legal Cases regarding Trader Status
Get your copy of this reference booklet today!
DISCLAIMER: This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. While best efforts were utilized in the preparation of this booklet, neither the publisher nor the authors make representations or warranties with respect to the accuracy or completeness of the contents of this booklet and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. This booklet is published with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional services. The authors are engaged in legal, accounting, and other professional services; however, it is the nature of the law, and tax law specifically, to generate continuous and ongoing changes. If legal or tax advice is desired, as it should be prior to implementing any of these strategies, it should be sought either with the authors of this booklet or with any other qualified tax law professional. Neither the publisher nor the authors shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damage.