If you change to a professional trader status, but are not in a prop firm, is there ANYWAY to qualify for the 60/40 tax rule on trading profits when you only trade ETF's.... i understand that emini futures have that 60/40 tax benefit but i prefer the tighter spread of the ETF's... etc... cj...
The 60/40 he was referring to is 60% LONG term vs 40% SHORT term, NOT the rate but the tax treatment. Futures are IRC 1256 contracts and get "60/40" treatment, a hybrid of Long and Short term Cap. gains.