Any accountants here ? 1256 carryback question

Discussion in 'Risk Management' started by Samir, Mar 5, 2009.

  1. Samir


    I trade 1256 contracts (independent trader) and want to find out if carrying back is a good option for me. I had a loss in 2008 which was almost equal to my gains in 2007. Is it a good idea for me to carryback ? What is the catch in carrying back ?
  2. nysestocks

    nysestocks Guest

    That is one big size to trade - contact me directly and we will split the profits 50/50 :D

    Forget about taxes when trading, they are but a business expense.

    Which is better - make money and pay tax or lose money?

    It's a no brainer, really!