Tax Court: Variable Prepaid Forward Contracts Are Taxable Sales Posted on August 5, 2010 by admin The Tax Court holds that variable prepaid forward contracts were current taxable sales of the underlying stock and not a qualified lending arrangement under Sec. 1058. Anschutz v. Commissioner, 135 T.C. No. 5 (2010) For just a little more about Anschutz please click HERE and HERE.