A Section 1256 contract is any regulated futures contract, foreign currency contract, nonequity option, dealer equity option, or dealer securities futures contract. Under U.S. tax law (IRC Section 1256), these financial instruments receive special tax and accounting treatment compared to standard stocks or options.
Day Traders Taxes LLC
1760 W 2100 S #27052, Salt Lake City, UT 84127
Phone: 801-747-5760 | Email: info@daytraderstaxes.com
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