IRS Issues Final Rules On Mixed Straddles
By Ama Sarfo ( July 17, 2014, 1:53 PM EDT) -- Taxpayers who hold unrealized investment gains or losses in items such as foreign currency contracts and subsequently obtain new investments to offset their current holdings — becoming so-called mixed straddles — should account for the gains or losses as though the offsets don't exist, say final Internal Revenue Service regulations issued Thursday....
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