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Marked-to-Market Rules

Non-equity options and dealer equity options, which include options based on regulated stock indexes and interest rate futures, are taxed like regulated futures contracts. This means that they are reported annually under the marked-to-market accounting system. You treat all such options held at the end of the year as if they were disposed of at year-end for a price equal to fair market value. Any gain or loss is arbitrarily taxed as if it were 60% long term and 40% short term. It is advisable to ask your broker whether the specific options you hold come within this special rule.You use Form 6781 to report 60/40% gains, which are then transferred to Schedule D.

• 5/14/2008 - Marked-to-Market Rules

• 5/13/2008 - Carryback Election

• 5/12/2008 - Form 6781

• 5/11/2008 - Constructive Sales of Appreciated Position

• 5/10/2008 - Tax Advantage of Wash-Sale Rule

• 5/9/2008 - Basis Adjusted for New Stock

• 5/8/2008 - Puts

• 5/7/2008 - Exercise of Stock Rights

• 5/6/2008 - Basis of Public Utility Stock Received Under Dividend Reinvestment Plan

• 5/5/2008 - December 29 Deadline for 2006 Gains and Losses

• 5/4/2008 - Inherited Residence

• 5/3/2008 - Temporary Rental Before Sale

• 5/2/2008 - Loss Allowed

• 5/1/2008 - Refund Opportunity

• 4/30/2008 - Gains Postponed Under Prior Law Rules

• 4/29/2008 - Jointly Owned Home

• 4/28/2008 - Form 1099-S

• 4/27/2008 - Amended Return to Claim Reduced Maximum Exclusion

• 4/26/2008 - Exclusion for Married Couple

• 4/25/2008 - Short Absences

• 4/24/2008 - Form 1099-S

• 4/23/2008 - Reporting Home Sale Gain

• 4/22/2008 - Repairs

• 4/21/2008 - Residence Acquired in Like-Kind Exchange

• 4/20/2008 - Year-End Securities Sales

• 4/19/2008 - Deferring Business Income

• 4/18/2008 - Withholdings Cover Prior Underpayment

• 4/17/2008 - Annualized Income Method

• 4/16/2008 - Credit Card Payments

• 4/15/2008 - Rollover From Employer Plan

• 4/14/2008 - Employer Plan Distributions

• 4/13/2008 - Wages Paid to Household Employees

• 4/12/2008 - Backup Gambling Withholding

• 4/11/2008 - Uncollected Social Security and Medicare Taxes

• 4/10/2008 - Tip Reporting

• 4/9/2008 - Part-Year Employees May Avoid Overwithholding

• 4/8/2008 - When To Change Withholdings

• 4/7/2008 - Adjust Withholdings

• 4/6/2008 - IRS List of Qualifying Hybrid Vehicles

• 4/5/2008 - How the AMT Affects the Credit

• 4/4/2008 - Exterior Siding

• 4/3/2008 - Recapture of Mortgage Subsidy

• 4/2/2008 - Saver's Credit Made Permanent

• 4/1/2008 - Unused Credit Carryforward

• 3/31/2008 - Recertification Required if EIC Denied

• 3/30/2008 - Definition of Earned Income for EIC Purposes

• 3/29/2008 - Denial of Future Credits for Recklessness or Fraud

• 3/28/2008 - Care Costs Qualifying as Medical Expenses

• 3/27/2008 - Day-Care Center or Nursery School

• 3/26/2008 - No Credit if Neither Spouse Works