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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: nicewatch who wrote (206600)	10/25/2025 9:17:26 PM
From: techtrader73	Respond to of 206680

the 60 40 rule still affect 60 long term 40 short on profits First and foremost my best advice is to never trade futures!!! :-) There used to be ways to structure things such that daytrading index futures could qualify under this rule but the IRS has since frowned upon such practices.

To: nicewatch who wrote (206600)	10/26/2025 10:32:51 AM
From: robert b furman	Respond to of 206680

Hi Nicewatch, Thank you for the link. After reading all of that IRS-ese, I recall having done a trade that was reported in the 1256 column on my 1099B. It required the 60/40 split and a huge amount of confusion on what had really happened. I never really understood the trade but realized that trading those instruments requires constant monitoring and that does not fit my trading style. Long story short , your first comment on not trading those instruments is totally on the money (for me). So kind of you to not only provide the info, but even better to include some excellent advice. Thank You. Now if you could only help me get out of the cellar in NFL game. <smile> Warmest Regards, Bob