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PureBytes Links
Trading Reference Links
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Be careful, and either double-check, or have your accountant double-check
everything. I've been told there are some inaccuracies on that site.
In a message dated 7/23/01 6:04:37 PM Pacific Daylight Time,
mailrs@xxxxxxxxxx writes:
> It looks as if we have a disagreement of experts. I was quoting from Ted
> Tesser's article on page 90 of the June 2000 issue of Active Trader
magazine
> in which he discusses the 475 election and specifically states that a 475
> election eliminates the preferential tax treatment of the 60/40 split for
> Section 1256 contracts.
>
> Guess we all better do our homework before next tax season.
>
> For those of you who are not familiar with Ted Tesser. He is a CPA who
> specializes in income taxes for traders and investors. His web site is at
> the following URL
>
> http://www.taxtrader.com/home.html
>
>
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