|
PureBytes Links
Trading Reference Links
|
Actually it's what happens before that...he forgot to tell you about Form
6781 where futures gains/losses are reported before entering them on
Schedule D. The 60%/40% long/short term split is performed on Form 6781 and
then it flows to Sch D.
MT
>I have a question regarding futures. I understand that profits and
>losses from futures trading is taxed at a rate between long term and
>short term capital gains/losses. You state that the net on futures
>trading for the year is reported on Schedule D. What happens after that?
|