All -
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
I am not a commodities and futures expert but I have a client that is. I have prepared his and many other returns whereby a 1256 (typically loss) is earned. I've never had to check any of the four boxes and the 60/40 split has always gone through.] without question.
I am not a commodities and futures expert but I have a client that is. I have prepared his and many other returns whereby a 1256 (typically loss) is earned. I've never had to check any of the four boxes and the 60/40 split has always gone through.] without question.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.