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How Is the Holding Period Affected by Rolling over a Futures Contract?

Rolling over a futures contract (closing the near-month contract and opening a far-month contract) is treated as two separate transactions for tax purposes. The closing of the near-month contract is a realization event that ends its holding period.

The new far-month contract starts a new holding period. The holding period of the original contract is not simply "tacked" onto the new one.

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