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Tax Treatment & Rules

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...
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 specific tax classification for traders. Although you may believe that you ar...
What is the 390 Professional Orders Rule (“390 Rule”)?
What does the number 390 and a regular trading day have in common? Oddly enough, a lot. It is the number of minutes in an ordinary trading day (8:30 am to 3...
Position Reporting for End of Year Taxes
Are you looking to close a position before the end of the year to harvest a profit or loss? If so, and you wish to have a position report as a profit or los...