On September 19th 2019, ABC&Co. sells one May 2020 contract on gold. It closes out...
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On September 19th 2019, ABC&Co. sells one May 2020 contract on gold. It closes out its position January 25th 2020. The future per gram, is $56.36 when it enters into the contract, $50.50 when it closes out its position and $53.25 end the end of December 2019. One contract is for the delivery of kilogram of gold. How is it taxed and WHEN if the company is (a) a hedger and (b) a speculator?
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