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

Dear Deborah (King), Now that I’ve had the time, this year, to review your work in more detail, I can better appreciate the effort and thought you’ve been putting into our tax returns all these years.  You’ve really been doing your best for us, and it certainly shows in this year’s return.  I sincerely thank you. Our thanks and my very best wishes to you, always,

JE

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