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

Question

Quizplus · Accepted Answer

Futures profits and losses are taxed based on cumulative year-end value due to marking-to-market procedures.

Taxation of Futures Trading Gains and Losses