Potential Tax Implications for CFTC Sports Events Futures Contracts
The trading of CFTC sports events futures contracts has gained popularity on CFTC regulated exchange platforms. What could be the potential implications for these?
There are key tax considerations that future traders and investors should be looking out for as CFTC-regulated contracts continue to gain popularity, especially if they are classified as gambling transactions. Our latest report outlines the significant tax considerations related to CFTC-regulated sports events futures contracts, including potential tax implications if sports events futures contracts were to be considered gambling transactions for federal and/or state purposes.
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Tax implications of sports events futures contracts
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