How can futures settlement affect my taxes?
Futures are a different animal. Futures and options on futures are mark-to-market each day based on the settlement price, or in other words, they are Sectio...
Tax Treatment & Rules
Mark-to-Market election (trader status)
How can I make a Mark-to-Market election to my account? (trader status) The number 475(f) may mean nothing to you, but in the eyes of the IRS, it is a spec...
Position Reporting for End of Year Taxes
Do you want to close a position before the end of the year to harvest a profit or loss? If you wish to have a position report as a profit or loss, please be...
Schedule K-1
Did you receive a Schedule K-1 in the mail and not sure why you received it and why you received it so late? In short, when it comes to your trading account...
How Cryptocurrencies are Taxed
Did you trade Bitcoin, Ethereum, or any other cryptocurrency this year? If the answer to that question is yes, you will have to report it on your taxes. ...
IRC 1446(f) for foreign accounts FAQ
Overview All foreign (W-8) documented accounts that hold positions (including shares and options) in scope under the 1446(f) regulations will be affected. ...