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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: Susan Saline who wrote (22715)3/26/2000 2:14:00 PM
From: Ron McKinnon  Read Replies (1) of 53068
 
Sue, the way I do it, not saying it is the right way

on Sch D, in big bold letters
write:
"Trader Status-Sec. 475 Election-Mark to Market-all gains transfered to Sec C income"

then on line 1 Sch C put in the capital gain totals

so I have self employment income from my trading, then deduct all trading expenses

Note: dispite what many think, this income is not subject to self employment taxes as I understand the rules)

Warning: this may not be correct
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