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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.42+2.6%3:46 PM EST
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To: Robert Rose who wrote (103144)5/10/2000 10:19:00 AM
From: Bob Kim  Read Replies (1) of 164684
 
Rob, Although there are specific deadlines, an individual can elect mark-to-market treatment on trading treated as a business activity (Sch C). Under this scenario there is no $3K annual limitation on losses and no FICA responsibility. However, you cannot use your profits to fund retirement accounts. You must also treat all your positions as closed out as of the end of the year for that year's taxes and effectively repurchased at the same price for the next tax year.
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