Regulations - Accounting for unrealized gain, loss on a position held before establishing a “mixed straddle” using straddle-by-straddle identification 

August 7:  A follow-up report on the temporary and proposed regulations is available in TaxNewsFlash-United States.

August 1: The Treasury Department and IRS today released for publication in the Federal Register temporary regulations (T.D. 9627) and by cross-reference, proposed regulations (REG-112815-12) as guidance for taxpayers electing to establish a “mixed straddle” using straddle-by-straddle identification.

  • The temporary regulations—T.D. 9627 [PDF 23 KB]—explain how to account for unrealized gain or loss on a position held by a taxpayer prior to the time the taxpayer establishes a “mixed straddle” using straddle-by-straddle identification.
  • The proposed regulations—REG-112815-12 [PDF 16 KB]—include information concerning requests for comments and concerning a public hearing.

Read more about the regulations in an August 2013 report [PDF 69 KB] prepared by KPMG LLP.

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