CME E-mini™ futures
QQQ options &...

To find a futures symbol take the root & the letter for the month & the last digit for year:

e.g. Nasdaq 100 December 2005  -  /NDZ5
e.g. E-mini™ Nasdaq 100 Sept 2006  -  /NQU6

Beware:
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FOREX Scams and Commodities Fraud

Information on FOREX taxation

§1256 Mark-to-Market treatment vs. the §475 Mark-to-Market election

Regulated futures (subject to mark-to-market treatment and traded on a qualified board or exchange), non-equity options and dealer equity options receive different treatment than NYSE/NASD stocks and CBOE/OCC options . These types of contracts are governed by IRS Code §1256 and are treated partly as a long-term gain or loss (60% of the gain or loss) and partly as a short-term gain or loss (40% of the gain or loss), regardless of the actual length of your holding period.

In addition to the above mentioned "mark-to-market treatment" which is mandatory for investors as well as traders - certain qualified traders may choose to separately make an optional, additional mark-to-market accounting election under IRS Code §475.

Normally the mandatory mark-to-market treatment results in your capital losses being deductible against capital gains and being then subject to a $3,000-per-year net capital loss limitation in any one year to be applied against ordinary income.  There is also a limited carryback available of any losses in excess of the $3,000 limitation as computed under IRS Code §1256. 

Whereas an advantage of the mark-to-market accounting election for commodity/futures traders is that they are no longer subject to the capital loss limitation in any one year.  A qualified trader who makes the separately optional election generally would not be restricted from deducting any loss from trading IRS Code §1256 futures/commodities and would therefore be able to write off the entire loss against ordinary income and could also carry any excess remaining loss (NOL) back to prior years. Furthermore, although any gains would be changed from "capital" to "ordinary," they would not be considered self-employment income and therefore would not be subject to self-employment tax.

The (potentially substantial) downside of making the relatively permanent §475 mark-to-market accounting election is that your gains will be taxed at the higher ordinary tax rates - rather than seeing 60% of the gains taxed at the preferable (lower) long-term capital gain rates nor being available for offset against capital loss carryforwards.

Tax Summary of the §475 election for Futures/Commodities/§1256Contracts:
forgo making the election and...
§1256 contracts have a nice long-term gain rate for 60% of gains if §475 M2M is not elected.
§1256 contracts are limited for deductibility of any trading losses if §475 M2M is not elected.

make the election and...
§1256 contracts have no long-term gain rate for 60% of gains if §475 M2M is elected.
§1256 contracts are not limited for deductibility of any trading losses if §475 M2M is elected.
Old Capital Loss Carryforwards may be trapped on Schedule D if §475 M2M is elected.

What qualifies for this treatment a/k/a §1256 contract treatment?

Commodity Futures

A commodity futures contract is a standardized, exchange-traded contract for the sale or purchase of a fixed amount of a commodity at a future date for a fixed price.

If the contract is a regulated futures contract, the rules described earlier under Section 1256 Contracts Marked To Market apply to it.

The termination or closing of a commodity futures contract generally results in capital gain or loss unless the contract is a hedging transaction or unless a separate IRS Code §1256 mark-to-market election has been made.

Securities Futures Contracts

A securities futures contract is a contract of sale for future delivery of a single security or of a narrow-based security index.

Under IRS Code §1234B and gain or loss from the contract generally will be treated in a manner similar to gain or loss from transactions in the underlying security. This means gain or loss from the sale, exchange, or termination of the contract will generally have the same character as gain or loss from transactions in the property to which the contract relates. For Investors any capital gain or loss on a sale, exchange, or termination of a contract to sell property will be considered short-term, regardless of how long you hold the contract. For Traders and for Investors these contracts are not §1256 contracts. For Dealers they will be treated as §1256 contracts.  Rev. Proc. 2002-11 severely limits who may qualify as a dealer in securities futures contracts.

Section 1256 contract options.   Gain or loss is recognized on the exercise of an option on a section 1256 contract. Section 1256 contracts are defined under Section 1256 Contracts Marked to Market


Section 1256 contracts and straddles.   Use Form 6781 to report gains and losses from section 1256 contracts and straddles before entering these amounts on Schedule D. Include a copy of Form 6781 with your income tax return.

Section 1256 Contracts Marked to Market

If you hold a section 1256 contract at the end of the tax year, you generally must treat it as sold at its fair market value on the last business day of the tax year.

Section 1256 Contract

A section 1256 contract is any:

1. Regulated futures contract,
2. Foreign currency contract,
3. Nonequity option, (see IRS Rev. Rul. 94-63)
4. Dealer equity option, or
5. Dealer securities futures contract.

Regulated futures contract.   This is a contract that:

1. Provides that amounts that must be deposited to, or can be withdrawn from, your margin account depend on daily market conditions (a system of marking to market), and
2. Is traded on, or subject to the rules of, a qualified board of exchange. A qualified board of exchange is a domestic board of trade designated as a contract market by the Commodity Futures Trading Commission, any board of trade or exchange approved by the Secretary of the Treasury, or a national securities exchange registered with the Securities and Exchange Commission.

Foreign currency contract.   This is a contract that:

1. Requires delivery of a foreign currency that has positions traded through regulated futures contracts (or settlement of which depends on the value of that type of foreign currency),
2. Is traded in the interbank market, and
3. Is entered into at arm's length at a price determined by reference to the price in the interbank market.

Bank forward contracts with maturity dates that are longer than the maturities ordinarily available for regulated futures contracts are considered to meet the definition of a foreign currency contract if the above three conditions are satisfied.

Special rules apply to certain foreign currency transactions. These transactions may result in ordinary gain or loss treatment. For details, see Internal Revenue Code section 988 and regulations sections 1.988-1(a)(7) and 1.988-3.

Nonequity option.   This is any listed option (defined later) that is not an equity option. Nonequity options include debt options, commodity futures options, currency options, and broad-based stock index options. A broad-based stock index is based upon the value of a group of diversified stocks or securities (such as the Standard and Poor's 500 index).  (see definition of narrow based stock index options below)

Warrants based on a stock index that are economically, substantially identical in all material respects to options based on a stock index are treated as options based on a stock index.

Cash-settled options.   Cash-settled options based on a stock index and either traded on or subject to the rules of a qualified board of exchange are nonequity options if the Securities and Exchange Commission (SEC) determines that the stock index is broad based.

This rule does not apply to options established before the SEC determines that the stock index is broad based.

Listed option.   This is any option that is traded on, or subject to the rules of, a qualified board or exchange (as discussed earlier under Regulated futures contract). A listed option, however, does not include an option that is a right to acquire stock from the issuer.

Dealer equity option.   This is any listed option that, for an options dealer:

1. Is an equity option,
2. Is bought or granted by that dealer in the normal course of the dealer's business activity of dealing in options, and
3. Is listed on the qualified board of exchange where that dealer is registered.

An options dealer is any person registered with an appropriate national securities exchange as a market maker or specialist in listed options.

Equity option.   This is any option:

1. To buy or sell stock, or
2. That is valued directly or indirectly by reference to any stock or narrow-based security index.

Equity options include options on a group of stocks only if the group is a narrow-based stock index.

Dealer securities futures contract.   For any dealer in securities futures contracts or options on those contracts, this is a securities futures contract (or option on such a contract) that:

1. Is entered into by the dealer (or, in the case of an option, is purchased or granted by the dealer) in the normal course of the dealer's activity of dealing in this type of contract (or option), and
2. Is traded on a qualified board or exchange (as defined under Regulated futures contract, earlier.)

A securities futures contract that is not a dealer securities futures contract is treated as described later under Securities Futures Contracts.

 Marked to Market Rules

A section 1256 contract that you hold at the end of the tax year will generally be treated as sold at its fair market value on the last business day of the tax year, and you must recognize any gain or loss that results. That gain or loss is taken into account in figuring your gain or loss when you later dispose of the contract, as shown in the example under 60/40 rule, below.

Hedging exception.   The marked to market rules do not apply to hedging transactions. See Hedging Transactions, later.

60/40 rule.   Under the marked to market system, 60% of your capital gain or loss will be treated as a long-term capital gain or loss, and 40% will be treated as a short-term capital gain or loss. This is true regardless of how long you actually held the property.

Example.   On June 23, 2001, you bought a regulated futures contract for $50,000. On December 31, 2001 (the last business day of your tax year), the fair market value of the contract was $57,000. You recognized a $7,000 gain on your 2001 tax return, treated as 60% long-term and 40% short-term capital gain.

On February 2, 2002, you sold the contract for $56,000. Because you recognized a $7,000 gain on your 2001 return, you recognize a $1,000 loss ($57,000 - $56,000) on your 2002 tax return, treated as 60% long-term and 40% short-term capital loss.

Limited partners or entrepreneurs.   The 60/40 rule does not apply to dealer equity options or dealer securities futures contracts that result in capital gain or loss allocable to limited partners or limited entrepreneurs (defined later under Hedging Transactions). Instead, these gains or losses are treated as short term.

Terminations and transfers.   The marked to market rules also apply if your obligation or rights under section 1256 contracts are terminated or transferred during the tax year. In this case, use the fair market value of each section 1256 contract at the time of termination or transfer to determine the gain or loss. Terminations or transfers may result from any offsetting, delivery, exercise, assignment, or lapse of your obligation or rights under section 1256 contracts.

Loss carryback election.   An individual or partnership having a net section 1256 contracts loss (defined later) for 2002 can elect under §1212(c) to carry this loss back 3 years, instead of carrying it over to the next year. See How To Report, later, for information about reporting this election on your return.

The loss carried back to any year under this election cannot be more than the net section 1256 contracts gain in that year. In addition, the amount of loss carried back to an earlier tax year cannot increase or produce a net operating loss for that year.

The loss is carried to the earliest carryback year first, and any unabsorbed loss amount can then be carried to each of the next 2 tax years. In each carryback year, treat 60% of the carryback amount as a long-term capital loss and 40% as a short-term capital loss from section 1256 contracts.

If only a portion of the net section 1256 contracts loss is absorbed by carrying the loss back, the unabsorbed portion can be carried forward, under the capital loss carryover rules, to the year following the loss. (See Capital Losses under Reporting Capital Gains and Losses, later.) Figure your capital loss carryover as if, for the loss year, you had an additional short-term capital gain of 40% of the amount of net section 1256 contracts loss absorbed in the carryback years and an additional long-term capital gain of 60% of the absorbed loss. In the carryover year, treat any capital loss carryover from losses on section 1256 contracts as if it were a loss from section 1256 contracts for that year.

Net section 1256 contracts loss.   This loss is the lesser of:

1. The net capital loss for your tax year determined by taking into account only the gains and losses from section 1256 contracts, or
2. The capital loss carryover to the next tax year determined without this election.

Net section 1256 contracts gain.   This gain is the lesser of:

1. The capital gain net income for the carryback year determined by taking into account only gains and losses from section 1256 contracts, or
2. The capital gain net income for that year.

Figure your net section 1256 contracts gain for any carryback year without regard to the net section 1256 contracts loss for the loss year or any later tax year.

Traders in section 1256 contracts.   Gain or loss from the trading of section 1256 contracts is capital gain or loss subject to the marked to market rules. However, this does not apply to contracts held for purposes of hedging property if any loss from the property would be an ordinary loss.

Treatment of underlying property.   The determination of whether an individual's gain or loss from any property is ordinary or capital gain or loss is made without regard to the fact that the individual is actively engaged in dealing in or trading section 1256 contracts related to that property.

How To Report

If you disposed of regulated futures or foreign currency contracts in 2003 (or had unrealized profit or loss on these contracts that were open at the end of 2002 or 2003), you should receive Form 1099-B, or an equivalent statement, from your broker.

Form 6781.   Use Part I of Form 6781, Gains and Losses From Section 1256 Contracts and Straddles, to report your gains and losses from all section 1256 contracts that are open at the end of the year or that were closed out during the year. This includes the amount shown in box 9 of Form 1099-B. Then enter the net amount of these gains and losses on Schedule D (Form 1040). Include a copy of Form 6781 with your income tax return.  Note: If optional §475 mark-to-market was elected, then use Form 4797 rather than Schedule D.

If the Form 1099-B you receive includes a straddle or hedging transaction, defined later, it may be necessary to show certain adjustments on Form 6781. Follow the Form 6781 instructions for completing Part I.

Loss carryback election.   To carry back your loss under the election procedures described earlier, file Form 1040X or Form 1045, Application for Tentative Refund, for the year to which you are carrying the loss with an amended Form 6781 attached. Follow the instructions for completing Form 6781 for the loss year to make this election.

Hedging Transactions

The marked to market rules, described earlier, do not apply to hedging transactions. A transaction is a hedging transaction if both of the following conditions are met.

1. You entered into the transaction in the normal course of your trade or business primarily to manage the risk of:
   1. Price changes or currency fluctuations on ordinary property you hold (or will hold), or
   2. Interest rate or price changes, or currency fluctuations, on your current or future borrowings or ordinary obligations.
2. You clearly identified the transaction as being a hedging transaction before the close of the day on which you entered into it.

This hedging transaction exception does not apply to transactions entered into by or for any syndicate. A syndicate is a partnership, S corporation, or other entity (other than a regular corporation) that allocates more than 35% of its losses to limited partners or limited entrepreneurs. A limited entrepreneur is a person who has an interest in an enterprise (but not as a limited partner) and who does not actively participate in its management. However, an interest is not considered held by a limited partner or entrepreneur if the interest holder actively participates (or did so for at least 5 full years) in the management of the entity, or is the spouse, child (including a legally adopted child), grandchild, or parent of an individual who actively participates in the management of the entity.

Hedging loss limit.   If you are a limited partner or entrepreneur in a syndicate, the amount of a hedging loss you can claim is limited. A hedging loss is the amount by which the allowable deductions in a tax year that resulted from a hedging transaction (determined without regard to the limit) are more than the income received or accrued during the tax year from this transaction.

Any hedging loss that is allocated to you for the tax year is limited to your taxable income for that year from the trade or business in which the hedging transaction occurred. Ignore any hedging transaction items in determining this taxable income. If you have a hedging loss that is disallowed because of this limit, you can carry it over to the next tax year as a deduction resulting from a hedging transaction.

If the hedging transaction relates to property other than stock or securities, the limit on hedging losses applies if the limited partner or entrepreneur is an individual.

The limit on hedging losses does not apply to any hedging loss to the extent that it is more than all your unrecognized gains from hedging transactions at the end of the tax year that are from the trade or business in which the hedging transaction occurred. The term unrecognized gain has the same meaning as defined under Straddles, later.

Sale of property used in a hedge.   Once you identify personal property as being part of a hedging transaction, you must treat gain from its sale or exchange as ordinary income, not capital gain.

Self-Employment Income

Gains and losses derived in the ordinary course of a commodity or option dealer's trading in section 1256 contracts and property related to these contracts are included in net earnings from self-employment. In addition, the rules relating to contributions to self-employment retirement plans apply. 

Definition of Narrow-Based Security Index
http://www.sec.gov/rules/exorders/34-49469.htm
http://www.sec.gov/cgi-bin/txt-srch-sec?text=sales+of+options+on+securities+indexes+&x=3&y=6

also see: http://traderstatus.com/secfeerates.htm for more on this trick:
How to potentially identify §1256 transactions: Section 31 fees no longer apply to sales of options on securities indexes (other than narrow-based security indexes). Therefore, if your sales proceeds are being reduced by the fee rates listed above, the trade is not a Sec 1256 transaction.

List of narrow-based and broad based Exchange-Traded Index Options:
http://www.twenty-first.com/exchange-traded_index_options.htm


COMMODITY FUTURES TRADING COMMISSION SECURITIES AND EXCHANGE COMMISSION
Release No. 34-49469

Joint Order Excluding Indexes Comprised of Certain Index Options from the Definition of Narrow-Based Security Index pursuant to Section 1a(25)(B)(vi) of the Commodity Exchange Act and Section 3(a)(55)(C)(vi) of the Securities Exchange Act of 1934

drsynthetic: I have an IRS letter that talks about those types of trades, I asked for it last tax season.

drsynthetic: here is the IRS excerpt -There is a quirk in the tax law in regard to exchange-traded options of index stocks (for example QQQ, SPX, XOI, etc.). These are a type of nonequity option. Nonequity options are all options that are not directly or indirectly related to a specific equity (stock).

The IRS has issued a ruling that QQQs are a type of nonequity option. Most if not all publicly traded index options are nonequity options and are subject to the provisions of Internal Revenue Code Section 1256. Nonequity options are usually reported on Form 6781, unless they are used as a hedge.

A hedge would be buying, for example, the QQQ, and then selling call options against them.

WolfK: After much back and forth, the IRS told me that it comes down to whether the issuer of the option considers it an equity option. I asked the AMEX about their options and never got an answer. You know anyone to call over there?

 

The Mixed Straddle Election

Any straddle made up of non-§1256 contracts and at least one §1256 contract is a "mixed straddle." 241 Such a straddle can have a number of tax consequences:

• As indicated in the discussion of the mark to market rule, where at year end the §1256 position is marked to market for a gain, this gain must be recognized without taking into account any unrecognized losses from any offsetting non- §1256 contract positions. Conversely, where the marking to market of the §1256 contract results in a loss, it will be disallowed under the §1092 loss deferral rule if there is any unrecognized gain with respect to offsetting non-§1256 positions.
   
• Without regulations that require a different result, the mixed straddle can convert short-term gain to 60/40 gain.

/Footnote/ 241 Technically, a "mixed straddle" does not come into being until its positions have been identified. §1256(d)(4). For ease of reference, however, the term is used in this discussion as defined above. Where the §1256(d)(4) meaning is intended, this will be termed a "§1256(d) mixed straddle."

Example—Mixed Straddles

A taxpayer holding a mixed straddle has $100 of unrelated short-term capital gain. He closes out the non-§1256 straddle position²⁴² for a loss of $100. This loss offsets the unrelated gain. The §1256 position is closed out for a gain of $100, subject to 60/40 treatment. While the straddle positions offset each other, the taxpayer winds up with the unrelated short-term gain converted to 60/40 gain.

If, on the other hand, the §1256 position is the loss position, the result is the opposite. Assume again that there is $100 of unrelated gain. If the gain is long-term, disposition of both sides of the straddle ($100 of short-term gain from the non §1256 position; $60 of long-term loss and $40 of short- term loss from the §1256 position) will leave the taxpayer with $60 of short-term gain and $40 of long- term gain. Thus, $60 of the long-term gain has been converted to short-term gain.

As explained below, regulations issued to implement the modified short sale rules effectively prevent any tax benefit from a mixed straddle by requiring characterization of any loss attributable to the non- §1256 position as 60/40 loss. There is no provision changing the disadvantageous result, however, where the loss position is the §1256 position. This one-way anti-conversion rule is sometimes called the "killer" rule.

/Footnote/ 242 In the discussion below, "§1256 position" and "non-§1256 position" dispense with the word "contract" after "§1256."

The adverse tax consequences outlined above can be avoided, however, by making a mixed straddle election²⁴³.

/Footnote/ 243 The killer rule can also be avoided by making the elections provided by Regs. §1.1092(b)-3T and 1.1092(b)-4T, explained below.

Where the taxpayer identifies all the positions of such a straddle before the close of the day (or such earlier time as provided by regulations) on which the first §1256 contract included in the straddle is acquired, the taxpayer may elect to have the mark to market and 60/40 rules not apply to all §1256 contracts in the straddle²⁴⁴. The mixed straddle election applies on a straddle-by-straddle basis.

/Footnote/ 244 §1256(d). This election is sometimes referred to as the "§1256(d) election." It is irrevocable unless the IRS consents. Technically, a "mixed straddle" arises only where identification and election have occurred, but the term is used here (and in the §1092(b) regulations) to mean any straddle qualifying for such election regardless of whether it has been so identified.

No action need be taken to identify non-§1256 contract positions before the first §1256 contract position of the straddle is acquired. Thus, an options dealer may have a stock position acquired at an earlier date included in the mixed straddle election. To include the previously acquired stock in the election, the taxpayer must identify both the stock and the option position as being the positions of the mixed straddle before the end of the day on which he acquired the option.

A mixed straddle may also be identified as an "identified straddle²⁴⁵." In this case, not only do the mark to market and 60/40 rules not apply to any of the §1256 contracts in the straddle, but the loss deferral rules do not apply to any positions in the straddle or to any other positions held by the taxpayer by reason of their being offsetting to positions that are part of the identified straddle.

/Footnote/ 245 §1092(a)(2).

Many taxpayers would be presented with a difficult choice in choosing whether to make the §1256(d) election, thus forfeiting any advantage from 60/40 treatment of gains from §1256 contracts, or not to make the election, risking the adverse tax consequences outlined above. As discussed below, however, the §1092(b)(2) regulations offer an alternative to the §1256(d) election that substantially preserves the advantage of 60/40 treatment of any net gain from a mixed straddle.

The §1092(b) Regulations
Introduction
As part of the loss deferral rules for straddles²⁴⁶, Congress directed the IRS to prescribe "such regulations with respect to gain or loss on positions which are part of a straddle" as are appropriate to carry out the purposes of §1092. Congress provided that "to the extent consistent with such purposes" the regulations were to include rules applying wash sale principles²⁴⁷ and certain portions of the short sale rules²⁴⁸ discussed above²⁴⁹.
/Footnote/ 246 §1092.
/Footnote/ 247 §1091(a) and §1091(b).
/Footnote/ 248 §1233(b) and §1233(d).
/Footnote/ 249 §1092(b)(1).

In enacting 1984 amendments to the loss deferral rules, Congress understood that the straddle rules, including the regulatory extension of wash and short sale principles to straddle transactions (as revised to include stock options), would create difficulties for traders who regularly enter into mixed straddles. This was especially so for options dealers who typically grant, buy and sell dealer equity options (§1256 contracts) while holding non-§1256 contract long or short positions in the underlying stock. To deal with this problem, Congress specified that the §1092(b) regulations were to provide "elective provisions in lieu of §1233(d) principles," namely, provisions permitting the taxpayer to offset gains and losses from positions that are part of a mixed straddle under rules requiring either straddle-by-straddle identification or the creation of mixed straddle accounts²⁵⁰.
/Footnote/ 250 §1092(b)(2).

The (temporary) regulations issued under these directives fall into three parts.
(1) The first part²⁵¹ coordinates the wash sale rules with the loss deferral rules and governs the extent to which a loss sustained from the disposition of a straddle position must be deferred.
(2) The second part²⁵² contains rules based on principles similar to those underlying the short sale rules relating to the treatment of holding periods and the characterization of losses sustained with respect to straddle positions.
/Footnote/ 251 Temp. Regs. §1.1092(b)-1T.
/Footnote/ 252 Temp. Regs. §1.1092(b)-2T.

Note: Parts (1) and (2) parts are referred to as the "§1092(b)(1) regulations."
(3) The third part provides rules carrying out the directive of §1092(b)(2) to provide elective alternatives to the Regs. §1.1092(b)(1) provisions applying §1233(d) principles. These regulations are called the "§1092(b)(2) regulations."

60/40 Treatment of Futures, Options under Assault
Source: Daily News; White Plains
Publication date: 2003-05-20

WASHINGTON (HedgeWorld.com) - The U.S. Senate's vote for the Jobs and Growth Tax Relief Reconciliation Act of 2003 came with a last- minute kicker - a manager's amendment containing various revenue enhancers including the abolition of the current 60/40 tax treatment for gains and losses on futures and options transactions.

Publication date: 2003-05-20


update

• Senate Repeals 60/40 Tax Treatment, Then Reverses Decision
  After weeks of negotiations on a broad package of tax reductions and economic stimulus measures, the Senate on May 15 narrowly approved the Jobs and Growth Tax Relief Reconciliation Act of 2003. During the voting process, the Senate agreed to a manager's amendment containing a number of revenue enhancements designed to limit the overall cost of the legislation. One of these measures repealed section 1256(a)(3) of the Internal Revenue Code and thereby eliminated the current 60/40 tax treatment applied to gains and losses on futures and options transactions.

  Responding to an intensive 3-day lobbying campaign from the futures and options industry, the Senate on May 20 approved a "technical corrections" bill that among other things removed the 60/40 repeal from the tax bill. Republican leaders are now negotiating ways to combine the House and Senate versions of the tax bill. The 60/40 repeal is not contained in the House version, and now that it has been struck from the Senate bill, the current tax regime for futures and options is no longer a part of the current tax discussions.

  The FIA, together with leading U.S. futures exchanges, played an important role in persuading key members of Congress to reject the hastily approved repeal of 60/40. In letters and conversations with lawmakers, the FIA stressed the damaging repercussions of such a change on the markets and their participants, including investors in commodity pools and hedge funds. In addition, the FIA pointed out that the provision would have eliminated the 60/40 treatment, but leave untouched other sections of the tax code that require the assessment of taxes on unrealized gains and losses at year-end. In effect, the Senate bill would have made it impossible for market participants to record any long-term gains or losses on futures and options transactions.

Colin M. Cody, CPA, CMA
TraderStatus.com LLC
6004 Main Street
Trumbull, Connecticut 06611-2400

(203) 268-7000