Guys: question for you tax experts and/or CPA's .. I am trading my account and my friends account. (I am trading the ES) My friends account is in his name and I am trading it through a power of attorney, which means he is getting taxed on all the profits. I am getting 50% of what I make in his account. Here is the question .... If I make lets say $ 5,000.00 for the year in his account, I will receive $ 2,500.00. He will be taxed on the entire $ 5,000 ... can my friend issue me a 1099 for $ 2,500.00 and be able to reduce his gain on his IRS form 6781. Any thoughts ??? thanks for any suggestions !!