Handling Commodity Futures Transactions
Handling Commodity Futures Transactions
Date
1991-11-22
Authors
Harl, Neil
Harl, Neil
Harl, Neil
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Iowa State University Digital Repository
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Abstract
In the same manner as other merchants and manufacturers, farm and ranch taxpayers buy and sell commodity futures to hedge against fluctuating prices. Likewise, farm and ranch taxpayers buy and sell commodity futures as speculators. The principal matter of concern from an income tax perspective in the farm and ranch area is the line between hedging and speculation.