Futures and taxes

Discussion in 'Taxes and Accounting' started by runningman, Aug 22, 2007.

  1. runningman

    runningman

    When you do a tax return and include futures trades, do you need to itemize them like stock trades or is it just a net amount that gets reported?
     
    #1     Aug 22, 2007
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  2. Surdo

    Surdo

    You file the net amount on a form 6781 and then on IRS Schedule D. No need to itemize the trades.
     
    #2     Aug 22, 2007
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  3. runningman

    runningman

    Thanks Surdo!
     
    #3     Aug 22, 2007
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  4. JayS

    JayS

    #4     Aug 22, 2007
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