IRS, Tax related strategies--Traders Message Board

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

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To: Nandu who wrote (749)	3/6/1999 10:40:00 PM
From: Tom_	of 1383

Nandu, you are right and I was wrong. Thanks. I didn't think things through enough. The MTM trader starts out and ends up with the same amount of money, and his $400 gain is indeed wiped out by the $400 tax on his second trade. Simple, eh? Boy, is my face red. (I reserve the right to be stupid in the future, too. <g>) Glad you set me straight. Thanks again. Best wishes, Tom

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