US IRS Tax Treatment in Trading the Hang Seng Index

Discussion in 'Index Futures' started by bigmoose, Jun 21, 2007.

  1. Gents, before I get too far down the road on trading the HSI, is there any special IRS tax treatment with respect to trading foreign futures? Is it handled just like ES/YM? ... Gains taxed as 60% long term capital gain & 40% short term regardless of how long held?

    I searched, your comments appreciated.