This Tax Alert updates previously issued lists of Internal Revenue Code1 (IRC) Section 1256 qualified boards or exchanges.BackgroundGenerally, a taxpayer must mark to market transactions qualifying as Section 1256 contracts at the end of each tax year as if such transactions were sold for fair market value.2 Subject to certain exceptions, any gain or loss on a Section 1256 contract is treated as 60% long-term capital gain or loss and 40% short-term capital gain or loss, regardless of how long the taxpayer actually held the contract.3Section 1256 contracts include (among other things) regulated futures contracts and non-equity options.4 A regulated futures contract is...