000			01995nab a2200277 c 4500
003			ES-MaIEF
005			20190822134942.0
007			ta
008			190822s2019 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_959786 _aFichtenbaum, Mark
245		0	_aTax chaos for traders in index options _c Mark Fichtenbaum
260			_c2019
500			_aDisponible también en formato electrónico en la Biblioteca del IEF.
500			_aResumen.
520			_aWhat happens when you put a tax person in charge of determining the fair market value (FMV) of an index option, and the experts on option trading defer to that person? Chaos. Exchange traded index options are generally treated as Section 1256 contracts, and their value is determined following Treasury regulations. Because the regulations weren’t written with index options in mind, however, the valuation can be tricky. This article explains how tax results in 2018 were skewed for some investors, and why there may be more problems in the future if some taxpayers decide to game the system. Tens of millions, if not substantially more, of phantom gains and losses are being reported to investors and the IRS via Forms 1099. Even relatively small investors are having millions of dollars of gains reported that never existed, realized or unrealized. Others are having a similar amount of phantom losses reported. Instead of being a zero sum game, this convention creates tax chaos for investors and revenue issues for the federal governments.
650		4	_947531 _aINVERSIONES
650		4	_aIMPUESTOS _947460
650		4	_aDECLARACIONES TRIBUTARIAS _941766
650		4	_aELUSION FISCAL _943410
650			_aESTADOS UNIDOS _942888
773	0		_9160915 _oOP 235/2019/4 _tJournal of Taxation of Investments _w(IEF)51921 _x 0747-9115 _g v. 36, n. 4, Summer 2019, p. 17-21
856			_uhttps://www.civicresearchinstitute.com/online/PDF/JTI-3604-02-Index%20Options.pdf
942			_cART
999			_c141043 _d141043