Trading Futures & Other Section 1256 Contracts Has Tax Advantages

15 May

May 15, 2019 at 12:00 pm EST


Recording

Presentation Slides

Join Robert A. Green, CPA, of GreenTraderTax as he explains the tax benefits of trading futures, broad-based indexes, and other Section 1256 contracts.

  • 60/40 capital gains rates are 4.2% to 12% lower vs. ordinary rates.
  • List of 1256 contracts.
  • Mark-to-market accounting includes unrealized gains and losses, which negates the need for wash sale loss adjustments.
  • Easy tax reporting: Forms 1099-B and 6781.
  • Election to carry back Section 1256 losses against 1256 gains in prior three years.
  • Election for Section 475 ordinary gain or loss treatment (requires qualification for trader tax status).

Webinar hosted and recording produced by Interactive Brokers. Everyone is welcome; you don’t have to be a client of IB.

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