https://www.thetaxadviser.com/issues/2025/oct/estate-of-mckelvey-highlights-potential-tax-pitfalls-of-variable-prepaid-forward-contracts/
Estate of McKelvey highlights potential tax pitfalls of variable prepaid forward contracts
Oct 31, 2025 - A taxpayer’s extension of variable prepaid forward contracts resulted in a constructive sale and a termination of obligations that gave rise to taxable gain,...
forward contractsestatehighlightspotentialtax