IRS, Tax related strategies--Traders Message Board

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

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To: Cooters who wrote (1233)	11/20/2000 9:31:08 PM
From: Dan Duchardt	Read Replies (1) of 1383

Cooters, This and everything else I have read about trader status says that self-employment taxes are not incurred on trading income. The answer to your question appears to be YES, trading income is not considered self-employment income. I don't know anything about the exception they cited, except that 1256 contracts has something to do with certain index options and possibly futures. I think it should be of no concern for stocks and equity options. Dan

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