Taxation of futures trading gains and losses
A. is based on cumulative year-end profits or losses.
B. occurs based on the date contracts are sold or closed.
C. can be timed to offset stock-portfolio gains and losses.
D. is based on the contract holding period.
E. None of the options are correct.
A. is based on cumulative year-end profits or losses.
Futures profits and losses are taxed based on cumulative year-end value due to marking-to-market procedures.
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