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Strategies & Market Trends : Calls and Puts for Income

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To: rllee who wrote (5627)12/28/2012 3:24:17 PM
From: dealmakr 1 Recommendation   of 5891
 
rllee

In order to not get in trouble with wash sale rules and mark to market trader status you should see a professional tax accountant who is very versed and up to date in all of the new IRS rules and reporting requirements.

In declaring Professional Trader status there are a lot of factors that come into play and not just wash sale rules.

If you are very active and feel that this will impact you, I would strongly suggest spending some dough on getting good professional advice before you undertake this on your own.

Good Trading

dealmakr
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