Thursday, February 11, 2010

Quiz #12 Futures Trading Term And Quiz

12.) For income tax purposes in the US Futures are different than Forex and Stocks because they are classified as...?

   A.) Echange-Traded
   B.) Securities 
   C.) Options on Futures 
   D.) Commodities 




















Results For 2010, First 5 are entered!  - -Extra Credit Winners!

Quiz #1                      Quiz #2                     Quiz #3

1.) Joe Clark           1.) Roy B             1.) Dave Z
2.) Paul S                2.) Jemery S         2.) Chritopher R
3.) Jacob R             3.) Dean A            3.) Joe Clark                           
4.) Joe S                 4.) Joe Clark         4.) Dean N
5.) Christopher R    5.) Christopher R   5.) David N

Quiz #4                      Quiz #5   

1.) Christopher R      1.) Mick M
2.) Tony Salta           2.) Chritopher R
3.) Shaw C               3.) Gert V.
4.) Darl Yap             4.) Neil S
5.) Roy B                 5.) Joe Clark



Extra Credit

1.) Paul S
2.) Victor Lee



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15 comments:

  1. D.) they are classified as Commodities
    David N

    ReplyDelete
  2. Hello,
    The answer is D
    Taxes are treated as commodities

    Roy B

    ReplyDelete
  3. The answer is d) commodities.
    I really don't know it save money when you trade future compare to stock and forex.

    Shaw W

    ReplyDelete
  4. The answer is D)
    Taxed gain are treated as commodities

    Roy B

    ReplyDelete
  5. *RISES HAND*

    D.) Commodities

    Christopher R

    ReplyDelete
  6. they are Classified as
    D)
    Commodities
    Nina K


    nijuki@gmail.com

    ReplyDelete
  7. futures are classified as
    D) commodities
    Nina K
    nijuki@gmail.com

    ReplyDelete
  8. Question: so does that mean we only pay the capital gains tax only as commodities trader on every thing we make for the year as our only income?.. or regular income tax AND capital gains added together and adding that up? for a double hit by the irs?

    ReplyDelete
  9. The IRS favorably taxes Futures, because they are classified as:

    D.) Commodities

    Cheers,

    Victor Lee

    ReplyDelete
  10. They are traded as commodities jfischer

    ReplyDelete