#9623
Awan Hammad
Participant

    Hi Erin

    Yes I would expect an open futures to have a market value at year end. It is hard to comment without knowing the details. I would contact Interactive Brokers to confirm their value at year end.

    You can read more about futures at:

    1. BGL re accounting for futures

    https://support.sf360.com.au/hc/en-au/articles/360018424411-How-to-record-futures-contracts

    2. ATO re interpretative decision – ATO ID 2010/7 – Self managed superannuation funds: tax treatment of futures contracts

    https://www.ato.gov.au/law/view/document?DocID=AID/AID20107/00001&PiT=99991231235958

    Thanks

    SMSF AAA

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