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Get your taxes done using TurboTax
@sam992116 have you made a valid 475(f) election? if so trading gains and losses are treated as ordinary income, not capital gains. also at year-end trading securities are marked-to-market so unrealized gains and losses are, in fact, realized for tax purposes
this does not apply to 1256 contracts. IRC 475(c) last sentence
‎December 7, 2023
9:04 PM