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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Testimonials

Green & Co. has provided tax consulting service for a number of years, initially when we had more complicated trading issues and more recently with more common events. We have ALWAYS been able to contact Deborah almost instantly and had our questions answered quickly, professionally and thoroughly explained. Thank you again, as always, for your excellent support. 5 stars.

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