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

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To: Kaye Thomas who wrote (1231)11/19/2000 8:16:29 PM
From: Cooters  Read Replies (1) of 1383
 
I am unclear on the following. Does this mean the designation as a trader does not necessarily result in employment taxes?

Thanks, Cooters

<<Regardless of whether a trader
reports his or her gains and losses on Sched-ules
D and D-1 or Form 4797, the gain or
loss from the disposition of securities is not
taken into account when figuring net earn-ings
from self-employment on Schedule SE.
See the Instructions for Schedule SE for an
exception that applies to section 1256 con-tracts.
delivered to the lender to close the short
sale. >>
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