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WC KS | A true hedge, the losses are IRS tax advantage all the way. IT is a business deduction. A spec funding, the trade is limited in loss IRS tax and hard to offset. Very seldom a grain farmer does a True hedge. A livestock person may or may not. And if an entity is grain and livestock then a hedger gets very blurry. IF you are think you are true hedger and you are audited by IRS, easy to prove because of offsetting paper work. IF you think you are hedging and pull it to soon or roll and have an IRS Audit then you and your account could have a fun time explaining to an auditor that has no clue. And if your Accountant has little experience in hedge/spec then you have to be willing to pay the consequences. Tax Liability. | |
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is it just my accountant that doesn't like the words "hedge account"?
