Posted 8/25/2024 10:02 (#10865284 - in reply to #10864909) Subject: RE: Unrealized gain at 25%
n. Illinois
Its one of the ways you can report your gains/losses from Commodity trading. IE they pretend you close out your positions as of 12-31 and report the gain or losses as of that day. There are other ways to report it to the IRS but I am not an expert on it enough to describe the advantages or disadvantages.