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Indiana | If u sold grain you would need to "buy" a call to stay long the market.
Assuming u are a cash basis tax payer you will record the income from the grain sale in the year you accept the cash.
Income or expense from the call is recorded in the year the position is closed. if you buy a call in December in 2015 but don't liquidate the position until 2016 the income or expense will not show up on your taxes until 2016.
In short, for you to delay income you will need to do a deferred payment contract | |
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Taxes and call options
