Investments glossary

Form 6781 Explanation

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Most people hew the battlements of life from compromise, erecting their impregnable keeps from judicious submissions, fabricating their philosophical drawbridges from emotional retractions and scalding marauders in the boiling oil of sour grapes.

— Zelda

Most options and futures traders will need to become familiar with IRS Form 6781 as they complete their taxes each year. Form 6781: Gains and Losses From Section 1256 Contracts and Straddles is a tax form distributed by the Internal Revenue Service (IRS) and used to report gains and losses from straddles or financial contracts. For reported investments, 40% of the gain or loss is reported as short-term, and the remaining 60% reported as long-term.

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