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Chicago Mercantile Exchange Internal Revenue Code (IRC)

McDermott Will & Emery

When Virtual Currency Positions Are Subject to the Straddle Rules

McDermott Will & Emery on

Taxpayers who hold virtual currency positions may be subject to the tax straddle rules that require them to defer losses on one offsetting position to the extent of unrecognized gain on other offsetting positions. This...more

McDermott Will & Emery

Special Tax Rules Apply to Bitcoin Futures and Options and Might Apply to Positions in Ether and Other Virtual Currencies in the...

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Special tax rules require taxpayers to treat gains on certain virtual currency positions as taxable even though they still hold their positions. These rules apply to futures and options that qualify as section 1256 contracts,...more

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