Hi, I have a question on futures taxation, can one offset futures contracts gains(in the 60/40 manner) against capital loss from securities which has been carried over from the past years ? Thanks! -White
Yes you may offset your futures gains vs equities loss carryover. Use IRS form 6781 for the futures, and then the carryover and the results from form 6781 flow to a schedule D. http://www.irs.gov/pub/irs-pdf/f6781.pdf el surdo