IRS, Tax related strategies--Traders Message Board

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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: Kaye Thomas who wrote (855)	5/22/1999 6:18:00 PM
From: m-top	Read Replies (1) of 1383

Kaye, Taxes on 1256 contracts are per your prior memeo. I confirmed with my accountant. Still it is a much favored tax situation. I was also wondering if you could clarify what constitutes a 1256 contract. From what I can tell, it includes any non equity option, futures, futures options and dealer options. However, my accountant called the IRS and they said Index options such as OEX, NDX, and RUT did not fall into the 1256 contract category. Could you please clarify if Index options are covered under the 1256 treatment? Thanks. John

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