Hedging Versus Speculation: The Key Points to Watch

dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-19T06:24:37.000
dc.date.accessioned 2020-06-29T22:57:27Z
dc.date.available 2020-06-29T22:57:27Z
dc.date.embargo 2017-12-18
dc.date.issued 2013-03-15
dc.description.abstract <p>After the Internal Revenue Service lost a key case, on June 17, 1993, <em>Federal National Mortgage Association v. Commissioner,</em><strong>1 </strong>the IRS position that futures market transactions<em> </em>involving the purchase of puts (short hedges) were not hedges and were to be treated as<em> </em>capital assets was demolished.<strong>2 </strong>The Department of the Treasury agreed that gains and<em> </em>losses from most hedging transactions were to be treated as ordinary gains and losses<em> </em>and immediately commenced a major effort to rewrite the regulations governing futures transactions to reflect that position. The proposed regulations were issued four months later<strong>3 </strong>and final regulations were promulgated in October of 1994.<strong>4</strong><em></em></p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol24/iss6/1/
dc.identifier.articleid 2170
dc.identifier.contextkey 11268231
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol24/iss6/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3697
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol24/iss6/1/AgLawDigest_v24n06_01.pdf|||Fri Jan 14 17:52:05 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title Hedging Versus Speculation: The Key Points to Watch
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isJournalIssueOfPublication dd7b524a-4017-4a6f-b6a7-fcb8d40ad874
relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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