For those experienced with the 1256, have you found any extra tax liability by holding a 1256 through the close of the calendar year? I have been flat the past two years, but am thinking of holding current position through New Year's. Does anyone have direct experience with how that might affect the current year's federal return, and the one following that? I will of course refer to the accountant next year, but I be looking for some experiences as ammo to go into the new tax year better armed and to know what questions to ask if needed. Thanks!