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Abstract: 

Not for the first time, Congress is considering a switch from realization-based capital gains taxation to an annual mark-to-market model. The Camp proposal now under discussion would change the rules for derivatives—and in so doing could bring other financial instruments into the mark-to-market net. Similar proposals have faded in the past, but as President Obama has included the concept in his 2014 Budget, investors and tax professionals alike are advised to pay attention this time around.

Keywords: mark-to-market; Camp proposal; income realization; derivatives taxation

Affiliations:  1: Twenty-First Securities Corporation.