Commodity Tax Issues
Taxes On Commodities Trading May Increase
Commodities traders have enjoyed a favorable tax treatment since 1981. Commodities futures contracts are taxed on a 60/40 basis, where 60 percent of the gains are taxed as long-term gains and 40 percent of the gains are taxed as short-term gains. This may change as new tax proposals may eliminate this favorable tax treatment for 2010.
Commodities Favorable Tax Treatment Over Stocks
Many traders like trading commodities for the leverage, but commodities can also have some preferential tax treatment when you compare futures contracts to stocks.
Commodity Trader Tax Guide - Review of Greens 2008 Trader Tax Guide
Tax guide for filing taxes with issues related to trading commodities and futures. Released in 2008, this guide is for filing your taxes from year 2007. Covers issues like trader tax status, IRS red flags, trader expense deductions and more.
Filing Taxes on Commodities Trading
How to calculate and file taxes on Commodities Trading using IRS Form 6781 – Gains and Losses From Section 1256 Contracts and Straddles.
Commodity Trader Tax Status
Find out whether you can claim trader tax status for added tax beneifts for commodity traders - by Green and Company.
IRS Form 6781
You will need this IRS form (6781 Gains and Losses From Section 1256 Contracts and Straddles) to file your taxes for trading commodities.
Taxes on Foreign Currency Trading
Green and Company provides information on taxes for foreign currency trading.
Taxes on Single Stock Futures
Green and Company provides information on taxes for trading single stock futures.