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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 242.61-1.5%Jan 13 3:59 PM EST

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To: HG who wrote (86124)12/3/1999 3:18:00 PM
From: Bob Kim  Read Replies (1) of 164684
 
happy, There are a couple nuances. One is that you can declare yourself a trader and use Schedule C, the other extension is that you can opt for using marked-to-market accounting which makes wash sales much less of a headache but eliminates the possibility of long-term capital gains tax treatment for your transactions related to your trading business. You can apply expenses to your trading activity and that income is not subject to social security taxes. There have been mixed opinions on whether you can deduct health insurance premiums. I haven't kept up on the topic, but it has been pretty fluid over the past year. There is a thread or two on SI related to it.
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