IRS, Tax related strategies--Traders Message Board

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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: MajorD who wrote (18)	2/15/1998 7:03:00 PM
From: Street Walker	of 1383

Capital Gains and Earned Income Your EARNED income is ZERO. You can earn up to a certain amount of EARNED income before reporting. Your UNearned income (investments) = "a couple of thousand" You recieved a 1099, along with the IRS, from your brokerage firm. The IRS is going to compare your return with the 1099 they received from your brokerage firm. Short Term Capital gains is around 28% of those "couple of thousand". Welcome to the adult world. Any losses from trading can offset your gains. S.W.

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