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Re: Futures and taxes



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Troy,

You'll need to fill out form 6781 for futures contracts. You can download
IRS forms at
www.irs.ustreas.gov/prod/forms_pubs/

Dennis
-----Original Message-----
From: Troy Kelley <tkelley@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, February 16, 1999 14:25
Subject: Futures and taxes


>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
>