Posted 2/27/2014 01:49 (#3719629 - in reply to #3719086) Subject: RE: Accounting for Hedge Gain on Forward Contract
I have to agree with you rod tax wise it's not a hedge and even if he had used new crop months to buy back his sale it's still considered a spec transaction. IMO any buy back of a cash grain sale will be considered speculation by the IRS.
Accounting for Hedge Gain on Forward Contract
