Active Internet Traders - tax questions & answers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Active Internet Traders - tax questions & answers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Colin Cody who wrote (9)	2/4/1999 7:48:00 PM
From: Jon K.	Read Replies (1) of 31

Colin, Who asked you?, are you Mr. Green? I don't like your answers. . . Scared you, didn't I <gg>. Just kidding... Thanks for the reply. I checked back few days worth of your postings and this was the only thing I found : >>>You might be a trader if: The only thing you do all day is trade for your own personal account You invest based on the technicals and don't buy based on fundamentals You take advantage of the swings in the market You live off of your trading activities Once you are a trader, then you need to elect Sec 475 (a permanent election) to take capital losses and convert them to ordinary losses. New regulations severly limit the availablity of this election, going forward.<< What is the NEW REGULATIONS? Why the investment only has to be based on technicals? I could trade 50 times in a week based on fundamentals. (Not that I do this though) Thanks, Jon. PS: Where the heck is Mr. Green anyway?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next