Another spread tax question

[dcwriter2]

Let's say I am writing a credit spread on ES in an IRA that allows futures. I write the short end and take a credit in my tax-deferred account and but the smaller long end in a taxable account. I eat up some SPAN in my IRA, as my only added downside to this, from what I can tell. If it is not allowed what if I sold the ES again and bought the requisite number of SPYs in my taxable account as the long part of the credit spread.

 

[Robert Morse]

What are you trying to accomplish? I'm a little lost by your question? Are you trying to make money or minimize taxes?

 

[dcwriter2]

The latter, in this case.

 

[Sig]

Let's say I am writing a credit spread on ES in an IRA that allows futures. I write the short end and take a credit in my tax-deferred account and but the smaller long end in a taxable account. I eat up some SPAN in my IRA, as my only added downside to this, from what I can tell. If it is not allowed what if I sold the ES again and bought the requisite number of SPYs in my taxable account as the long part of the credit spread.

I'm not exactly sure what you're trying to do either? Are you trying to effectively trying to make your IRA bigger while your taxable account get's smaller?

 

[dcwriter2]

Yes, that would be a probable effect.