(2)For purposes of this subsection and subsection (f), the term “commodity” means— (A)any commodity which is actively traded (within the meaning of); (B)any notional principal contract with respect to any commodity described in subparagraph (A); (C)any evidence of an interest in, or a derivative instrument in, any commodity described in subparagraph (A) or (B), including any option, forward contract, futures contract, short position, and any similar instrument in such a commodity; and (D)any position which— (i)is not a commodity described in subparagraph (A), (B), or (C), (ii)is a hedge with respect to such a commodity, and (iii)is clearly identified in the taxpayer’s records as being described in this subparagraph before the close of the day on which it was acquired or entered into (or such other time as the Secretary may by regulations prescribe).


26 USC § 475(e)(2)

Scoping language

None: Default is title Scope
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