Now in its fourth edition, this two-volume bound book provides a road map to work one’s way through the tax and regulatory maze of financial products. It details the policies, rules, and interpretations that govern the federal regulation and taxation of securities, crypto currencies, commodities, options, derivatives, and hybrid products. It provides reliable answers to questions about financial markets, financial products, and market participants, and it will help with planning transactions and defending challenged tax positions.
Part One: Overview of the Markets
Part Two: Major Market Users
Part Three: Tax Classifications of Financial Market Participants
Part Four: Taxation of Capital Transactions
Part Five: Ordinary Income Transactions
Part Six: Anti-Abuse Considerations
Part Seven: Terminations of Contract Rights and Obligations
Part Eight: Dividends, Interest, Security Loans, and Repurchase Transactions
Part Nine: Equity Securities, Options, Partnerships, and Publicly Traded Trust Interests
Part Ten: Debt Securities and Options on Debt Securities
Part Eleven: Asset-Backed Securities
Part Twelve: Commodities, Options on Commodities, and Bitcoin and Virtual Currencies
Part Thirteen: Section 1256 Contracts
Part Fourteen: Straddles
Part Fifteen: Foreign Currency and International Operations
Part Sixteen: Notional Principal Contracts