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2. An investor enters into a futures contract covering 100 ozs. of gold. At the time the underlyi...

2. An investor enters into a futures contract covering 100 ozs. of gold. At the time the underlying price of gold is $1,525 per ounce. At the end of the year the investor is still holding the contract and the underlying price of gold under the contract is $1,450 per ounce. On March 1, of the following year, the investor takes delivery of 100 ozs. of gold under the contract when the price of gold is $1,400 per ounce.
A. What happen for tax purpose on December 31?
B. What happen at delivery?

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Answer #1

@00 4co00 by loc ozs So his loss:sSta500 52500 102500 the bsts。s却a5R(ozs.and lapo Conttad tePAnstengs 어 is based

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