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A couple of thoughts:
Thanks for the advice. I did contact trade, they said they have chosen to use a broad interpretation of the rule by considering SPY an index. I sold SPY covered calls and cash covered puts. No straddles or strangles, just options on an equity ETF.
So they also added that they have no intention of changing their minds unless the IRS makes them. My return as it stands has some transactions that are box A, and some section 1256 contracts. Just doesn't seem right to me.
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