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Strategies & Market Trends : From the Trading Desk

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To: Don Green who wrote (1925)	12/6/1997 9:04:00 AM
From: spinynorman1323	Read Replies (1) of 4969

Don and all, Barron's ran a story this week titled "Who's a Trader? You Maybe for Mark-to-Market Reporting", that discusses trader status and an obscure provision of the 97 Taxpayer Relief Act. An excerpt showing the gist of the article... "....From out of left field, and with remarkably little fanfare, the 1997 Taxpayer Relief Act gave traders the option of reporting on a mark-to-market basis -- essentially to recognize gains and losses on securities held at the end of the year as if they were sold on that day-an opportunity for major cuts in their tax bills...." A subsription is required so I won't post the link. It may be worth picking up the hard copy issue or I could email the article to anyone (time permitting) interested in the full text. I recall someone inquiring about trader status earlier either here or on the Frontier thread. Here is a reposting of the SI thread that discussed (in part) the topic. exchange2000.com BTW, I too kindof sortof hope Elway finally gets his ring! Mark

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