Trader Tax Status for Futures Trading

Is there an advantage to filing Trader Status for a full time Futures trader?

 

If you are talking about the IRS filing..no. All futures are 1256 contracts that receive 60/40 tax treatment and are mark to mark at year end with no wash sale concerns.

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Thanks thats what I thought

 

I'm not totally sure what you are asking, but if you are a trader then you get to write off your business expenses against your trading profits so that is an advantage. GreenTraderTax's tax guide might help you out with these questions.