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| My tax year ends on 11/30, and I have some open feeder cattle hedges and options that I am showing losses and gains on. I will not exit these trades until Jan or Feb of 2015. My question is if the positions are still open, do I show a loss/gain on my farm corp taxes for the year ending 11/30/14, or are they not used until my positions are closed out. In which case they will be on next years tax return. I am pretty sure they will be shown next year but would appreciate any insight from someone who knows. Thanks! | |
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when marketing loss is shown
