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To: Jon K. who wrote (7)	2/4/1999 6:50:00 PM
From: Colin Cody	Read Replies (1) of 31

Let's assume I make $100,000/yr from my full time job. Also made $100,000 from trading stocks with about 500 trades annually. Spending about 30 hours/week. UNCLEAR HOW YOU SPEND 30 HOURS TRADING AND ALSO SPEND FULL TIME WITH ANOTHER JOB. THIS MAY BE AN ISSUE WITH TRADER STATUS. 1. Can I be qualified as a trader? POSSIBLY 2. If I didn't have my full time job, would it make any difference? IT WOULD BE PREFERRABLE WHEN DETERMINING THAT YOU WERE A TRADER 3. If I made half of my trading income from regular account and the other half from tax deferred pension account, how does it affect my trader status? RETIREMENT ACCOUNTS HAVE IRS AND SEC RESTRICTIONS AGAINST DOING TRADE OR BUSINESS (TRADING) WITHIN THEM. ALSO, IN A TAX DEFERRED VEHICLE "WHAT'S THE POINT" IN BEING A TRADER? LOTS OF PERSONAL ISSUES HERE TO DISCUSS WITH YOUR OWN TAX ADVISOR. 4. Can you give an example who will be 'safe' to report as 'trader with MTM election'? What are the key qualification factors that decides the status of a trader? I POSTED A FEW ON A TAX OR TRADER THREAD A FEW DAYS AGO, IF YOU LOOK BACK IT SHOULD BE EASY TO FIND. Colin

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