Can anyone confirm the following claim ? The options on the QQQs and the other exchange-traded options of index stocks are subject to the provisions of IRS Code Section 1256. http://www.tradersaccounting.com/a_quest14.asp
========================== Re; Big trends concerning CPA calls & smaller sideways and put losses. Have called my CPA twice on derivitives this year; fortunately IRS is like a game warden,much flexibility in enforcement in fish, hunt regulations. === Some businesses expenses are worthwhile whether one writes them off or not; trading books giving to old test synagog, old & new testment church home office retirement funds reguardless of retirement or work habits. Hope this helps. ; especially CPA calls