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As far as I know, all items have remained the same for futures traders.
However, the holding periods for short and long term cap gains, and the cap
gains tax itself(which has been lowered for LT gains), have changed. I
haven't seen form 6781 yet, but I don't think it's changed. I hope Turbo
Tax Deluxe has it this year. This is my only complaint about Turbo Tax
Deluxe. Other than that it's a great program.
Regards,
Craig
omega-list@xxxxxxxxxx on 12/18/97 12:50:39 PM
To: omega-list@xxxxxxxxxx
cc: (bcc: Craig Nelson/NY/SBCM)
Subject: Taxes Cap Gains & Losses
Does anyone know of a source dealing with cap gains and losses in
futures ? Any changes in the new reform? Are they treated the same as
normal cap gains and losses except the mark to mkt if open at end of
year?
Thanks,
Bob
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