Help with Taxes - Futures Trades and 1099 form

M

mmm

Hello,

It's getting down to the wire here for filing my 2004 taxes (due on Oct. 17th with all the deferments) and I'm a bit stuck on how to properly handle my futures trades.

Previously I had an accountant do my returns, but this year I decided to save the bucks and do it myself.

I have a 1099 form from IB listing my futures trading activity and commissions.

I have all my transactions details for 2004.

I qualify as a trader in securities and commodities, and I have NOT elected mark-to-market.

Any suggestions on how to proceed would be greatly appreciated.

Thanks for your help in advance.

-- MMM
 
That's pretty funny. It would be cool if the IRS would figure out everything for you in a fair and equitable manner.
 
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