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SC IA | I'm trying to evaluate my situation next year and am thinking I won't have enough bin access to store my corn over the winter like I did this year so I'm trying to decide what my options are. I'm pretty sure I'm going to have to take payment on it after the first of next year or I won't be able to afford the taxes from selling 2 crop years in one. I've been reading a little about selling cash and buying(selling?) call options to participate in a rally later if the market goes up but would this offset the income from selling cash or would you still have to do a deferred payment with whoever you sold it to? I'm just kind of liking the options idea so I can sell it wherever I want but I just don't want to run into tax issues. | |
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Taxes and call options
