2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 386.01

+1.6%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elroy Jetson who wrote (8421)	8/20/2006 3:55:16 PM
From: glori	Read Replies (1) of 217732

<People often try to opt for "securities trader" status, although this doesn't make sense to me. With "securities trader" status, your total current gain/loss on your securities is taxed each year, even though you haven't sold the shares yet. (a horrible deal so far)> Not true. That is only true if you elect "mark to market" accounting. But you can claim "trader" status and file a schedule C with deductions for trading expenses, even if you do not elect "mark to market." (back to lurking; I enjoy the thread)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next