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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: LemurHouse who wrote (3184)12/21/2001 11:30:38 AM
From: Dominick   of 5205
 
You raise an interesting point. My counter to that argument is, there is form 1040 income of wages and other income and expenses and there is schedule C income. Accurate documentation separating the two should be sufficient, whether it raises a red flag or not.

Another way around that argument would be to open a SEP IRA or 401K. Even though it's still taxed as ordinary income it would grow tax deferred.

dom@notataxexpert.com
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