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Jun 5, 20242 min read
MTM Sec 475 & Sec 1256 Contracts
I receive a number of questions regarding the interaction between a mark-to-market trader who also trades IRC Section 1256 contracts ......
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Admin
Feb 26, 20231 min read
But I Thought I Had a HUGE Loss!!!
Sometimes worse than a letter from the IRS is the receipt of your Form 1099-B in February. You thought you had experienced a significant...
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Admin
Dec 20, 20201 min read
Watch those 1099-Bs!!
The assumption by most investors is that their 1099-Bs are correct and if their records differ from what the broker reports to IRS, there...
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Admin
Nov 13, 20171 min read
What is a Wash Sale?
A wash sale can ONLY occur when a security is sold for a LOSS. Therefore, if there is no loss, there can be no possibility of a wash...
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Admin
Nov 13, 20171 min read
Trading Strategies are NOT Taxed
Contrary to popular opinion, trading strategies are not taxed, at least not as a strategy. In other words, a Long call or a Short iron...
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