|
PureBytes Links
Trading Reference Links
|
I AM NOT A LAWYER OR AN ACCOUNTANT, just a futures broker, so if you have
any further questions, ask your lawyer or accountant. Here's my opinion
below.
Figuring out your taxes on futures is very easy. Everything is
marked-to-the-market on December 31st. Your broker sends a 1099 which gives
you the aggregate profit or loss for all your trades. That includes all
commissions and fees, and any open trade profit or loss. So all you need
from your broker is one single dollar amount for everything.
Fill out IRS Form 6781, and follow the instructions. I've attached the
form in Adobe Acrobat format for your convenience. If you need it
Mark Morrison
mmorrison@xxxxxxxxxx
-----Original Message-----
From: Andrew <andrew@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Monday, February 22, 1999 10:35 PM
Subject: Re: Wash Sale Rules
>Does this apply to futures also? I understand futures are treaded
>differntly.
>thanks
>Andrew.
Attachment Converted: "c:\eudora\attach\f6781.pdf"
|