I am not sure if the below will work to “defer” capital gains tax to next year
Have 2 accounts, wife and yours
Assumption: June/May contracts for equity/gold
In 1st account – buy gc /sell es
2nd account- buy es / sell gc
Before year end
If risk assets are up:
1st account- book loss on es, sell nq
2nd account-book loss on gc, sell tn
The correlation on assets swapped on loss booking might not be 100% but you want to hold them until the new tax year so the risk probably is for a day or 2
This merely pushes your taxes into next year. I trade with interactive brokers so the margins are net exposure
I don’t know how legit it is likely to be but at face value I don’t see a problem although I’m not a tax accountant. Probably most tax accountants might not be certain what will happen should the tax man scrutinise your return
Gc: gold futures
Tn: treasury notes futures
Nq: nasdaq futures
Es: S&P futures
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