What gains or losses should I NOT include?

Do NOT enter the disposition of any of the following:

• A position that is part of a hedging transaction;
• A loss position included in an identified straddle established before October 22, 2004, unless you disposed of all of the positions making up the straddle;
• A loss position included in an identified straddle established after October 21, 2004, or;
• A position that is part of a straddle if all of the positions of the straddle are section 1256 contracts.