JML222
Level 5
03-19-2024
10:40 AM
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A client has a Section 1256 loss of $381,
I am confused with the 4 check boxes A) Mixed Straddle; B) Straddle by Straddle; C) Mixed Straddle account election D) Net Section 1256 loss election
There are only 2 contract transactions on the same date and they expired. My question, how does one determine the appropriate check box? From what I have read, it appears that D would be correct but I'm not sure.
Thanks!
Best Answer Click here
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