MJG CPA Posted February 8, 2008 Report Share Posted February 8, 2008 For an accrual-basis farmer, would accrued (unrealized) gains/losses from hedging transactions be reportable or only realized gains/losses from closed positions? This farmer has consistently been reporting the net results each year which includes the unrealized g/l, but now I am questioning if this is proper. The only information I am finding that address this issue says you only report g/l on closed positions, but I'm wondering if it's different for accrual-basis taxpayers? Any thoughts? Quote Link to comment Share on other sites More sharing options...
RoyDaleOne Posted February 8, 2008 Report Share Posted February 8, 2008 See Pub 225 page 51 for a discussion of how to properly report these types of transactions for a farmer. Quote Link to comment Share on other sites More sharing options...
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