Taxation
Because of the mark-to-market procedure, investors do not have control over the tax year in
which they realize gains or losses. Instead, price changes are realized gradually, with each
daily settlement. Therefore, taxes are paid at year-end on cumulated profits or losses regard￾less of whether the position has been closed out. As a general rule, 60% of futures gains or
losses are treated as long-term capital gains and 40% as short term.

概括

由于采用逐日盯市制度，投资者无法自主选择实现收益或亏损的纳税年度。价格变动通过每日结算逐步实现，因此无论头寸是否平仓，年末均需对累计盈亏纳税。通常期货收益或亏损的60%按长期资本利得处理，40%按短期资本利得计算。