clsoed 5 zt lots, over 4k from last tuesday, in anticipation of nfp news. anyway, bond trades are back, just how big a postion you want to bet. holding 5 lot zn for the fed date, then reenter for december contracts.
Done your estate transfers yet? Without super majority votes, most legislations have 10 years sunset clause. Your master probably "gifted" over $270 millions to his trusts and kids, tax free. Someone will have to foot the bills.
The TCJA added a “bonus” exemption amount that doubled the amount...
honestly, you are here long enough so that i assume you know how 1256 contracts taxed, unrealized gains from december 20th to 31st is taxed, or unrealized losses deducted on your schedule d.
congress is smart enough, one would carve out if uber wealthy are taxed as the same as mark to market...
me think the cost basis includes the commission, hence the difference.
17/64 is 0.265625, if you only have small lots, rounding is normal.
ib won’t make mistakes like that.
the difference is that from what i read he borrowed the money and paid off irs taxes already, no irs judgement or liens against him. now it is an afterthought.
that’s why, you firm worries too much. just provide good and fast data connectivities to exchanges, let the traders decide their own trade plan and pnl.
https://www.watchtime.com/featured/who-owns-what-a-guide-to-the-watch-groups/
i’d consider richemont group watches to begin, omega and grand seiko are exceptions.
i met a watch trader in hong kong decades ago and he bought probably 10-20% of certain “extremely expensive” watches and flipping...
3 rolex bought with own money and 1 calatrava from my wife as wedding gift long ago.
the point is that swatch got lot of brands, they run equally accurate, small players will die naturally.
i wouldn’t call those two luxury watches, at best they make accurate timepieces. but just like any matured industry, they hire lot of skilled workers and pay taxes, so it is ok to ask government to give it a break.