You must know the holding period for the binaries. You can use 'V' for various as the acquired date, and the sales (or expiration) date will be in the current year. The brokerages (not just Nadex) do not keep all data related to these transactions.
- Long term gains, defined as those held for longer than one year, generally have more advantageous tax characteristics than short-term gains, which are held for one year or less.
That being said, it's a great idea to seek a tax professional when you are concerned about all the details necessary for your tax return. You don't want to pay more than your share of taxes.
@Bsmitty007
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
