Any accountants here ? 1256 carryback question

[Samir]

I trade 1256 contracts (independent trader) and want to find out if carrying back is a good option for me. I had a loss in 2008 which was almost equal to my gains in 2007. Is it a good idea for me to carryback ? What is the catch in carrying back ?

 

[nysestocks]

Quote from Samir:

I trade 1256 contracts (independent trader) and want to find out if carrying back is a good option for me. I had a loss in 2008 which was almost equal to my gains in 2007. Is it a good idea for me to carryback ? What is the catch in carrying back ?

That is one big size to trade - contact me directly and we will split the profits 50/50

Forget about taxes when trading, they are but a business expense.

Which is better - make money and pay tax or lose money?

It's a no brainer, really!