Trading futures in an ira account
Unlike losses in a non- qualified account, IRA losses are not tax deductible. Additionally, there may be considerable fees associated with trading futures and options in an IRA which can exaggerate trading losses. The custodian we work with offers extremely competitive custodian feesplease contact us for details. Trading Futures Using an IRA account Many futures traders do not know that you can trade futures in your IRA account (Individual Retirement Accounts) . Cannon Trading Company allows trading in your IRA investment as long as your IRA is with a qualified custodian who allows futures and commodities trading with IRA accounts. By far the biggest benefit from trading in your retirement account is the ability to avoid paying taxes on the gains. Taxes on any capital gains in your IRA account will either be deferred in the case of a Traditional IRA or avoided in the case of a Roth IRA where you won’t pay any taxes on gains.