Recent content by trader-report

strange that the gov't tax office doesn't have much information on reporting futures contract dispositions. i guess there isn't enough futures traders. to even wast their time writing a guide.

your suppose to get 'tax form' . this is one of the things that should be computer automated and trader should not waste time entering trades. The only calculations is the wash trade rule. The tax form just shows your proceeds of sale . and you still have to caculate your cost of sale. that...

Every year that you trade commodities, you will have to claim any profits you make on your income tax return and pay the applicable taxes. Do not despair; it should be a painless process once you know which forms you need to use. The following summary of tax issues relating to commodity...

The brokers don't even give out a tax form. From what i gather. the tax man is only concerned if you owe them money which you are making net profit consistently for years. But say you made money one year but later next year you lost it all. ie. you made $100,000 in year one, made $100,000 in...

wash trading rule is 30 days or 60 days depending on the country its so people don't claim superficial 'losses' when they still have the position. it's not a loss til you close the position.

Why doesn't the brokers have tax report form like stock brokerages? With all the 'automation' it's odd that traders still have to manuall input trades and manually caculate total tax loss or gain for the tax year. Also, does the tax man really care if you don't report a tax loss? I heard that...