Page 28 - Futures Money Machine-Study Session #3
P. 28
Understanding Futures
Accounting Simplified…
• US Futures traders have favorable tax consequences for short term
traders since futures profits are taxed 60/40, which means that 60%
of the gain is taxed at the maximum rate of 15% (similar to long-term
gains) and the other 40% is taxed at a maximum rate of 35% as
ordinary income.
• Securities positions held for less than 12 months are considered short
term gains and taxed at 35%. Of course everyone’s tax situation is
different and should consult a licensed accountant for their specific
situation.
