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

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To: Colin Cody who wrote (1225)10/19/2000 5:36:51 PM
From: Kaye Thomas  Read Replies (3) of 1383
 
Folks here may be interested to know the IRS has finally put something about traders in their tax return instructions. It falls short of complete guidance, of course, but at last we have at least an acknowledgement that traders report gains and losses on Schedule D (unless they've made the mark-to-market election) and business expenses on Schedule C. The guidance appears on page 3 of the 2000 Schedule D instructions, available here:

ftp.fedworld.gov

I've included extensive guidance on trader taxation in my book, "Capital Gains, Minimal Taxes," which should be available around the middle of December from my web site.

Kaye Thomas, author
Fairmark Press Tax Guide for Investors
fairmark.com
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