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Re: Tax question - off topic but probably of interest to most

  • To: "Thomas Brun" <omega-list@xxxxxxxxxx>
  • Subject: Re: Tax question - off topic but probably of interest to most
  • From: "Thomas Brun" <TDBRUNkkkkkkkkkkkkkkkkk>
  • Date: Fri, 5 Mar 1999 16:32:08 -0500 (EST)

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I neglected to mention that the Section 475 election treats the gains and
losses as ordinary income or losses.  You will lose the 60%/40% treatment of
the Section 1256 contracts besides other benefits.  You should be careful
about this.

I am not a CPA.