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I am REALLY talking straddles as defined by the IRS. I have spend many hours on already and gotten some answers from Kaye Thomas. My biggest problem with applying these is that in some cases he has recommended including all offsetting positions, even when one side is larger than the other, and in other cases he has recommended only including an equal number of positions from each side.

Some of my straddles have included five or six positions, and unless I have some kind of rule I follow I do not know how to determine what is in the straddle and what is not. Following the rule that all positions are always included would usually not be bad, but in some cases where I have had very lopsided positions I would be penalizing myself very badly if I did not have to include them all. I do not believe the Section 1092 intended for that to be the required. (I think if it was going to be that simple the regulations would have been written years ago.)

I have spend literally hundreds of hours trying to find an answer to this question. I have no idea where to turn or how to proceed. I have already had to file for an extension in order to try to complete my taxes by August, but at the rate I am going I will not make that deadline.

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