|
PureBytes Links
Trading Reference Links
|
I guess really get the right answer would be to ask a CPA maybe there is
something he could do. As I understand the law now that was change because
of the reverse of this for tax straddles the news is yes. You would be
liable for the tax because its mark to market on the last trading day of
the year. Your cost basis is the close of the first trading day of the new
year so you can't offset the gain with the loss in the same year. Hope I'm
wrong.
Robert
Dan Dick wrote:
>Hi folks,
>
>I hope it is ok to ask this question on this forum. It isn't
>TradeStation related but since we're all investors, I have a question
>that may be of interest to others, too.
>
>Did you ever have a situation where you had a whopping gain right before
>the end of the year and a matching whopping loss immediately afterward?
>We had a spike of about $100k which is a lot for us. I'm wondering if
>I'm going to be stuck with the taxes.
>
>Thanks and sorry if this is the wrong forum. I hope this is of use to
>others.
>
>
|