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Futures and taxes

  • To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
  • Subject: Futures and taxes
  • From: Troy Kelley <tkelley@xxxxxxx>
  • Date: Tue, 16 Feb 1999 14:27:11 -0500 (EST)
  • In-reply-to: <199902090003.QAA06749@xxxxxxxxxxxxx>

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Traders,

I am reporting futures trades for the first time on my taxes and I am a
little confused as to how to do it.  Someone told me to just report it
as income, but I have gotten a 1099-B from my broker listing my
aggregate trades.  Does this mean I need to report futures trades like I
would stock trades?

Any help would be appreciated.

Troy