SI
SI
discoversearch

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 : Income Taxes and Record Keeping ( tax )
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Gary who wrote (301)12/22/1997 8:12:00 PM
From: henry jakala  Read Replies (2) of 5810
 
does anyone here have a clue as to what conditions, if any, would result in one having to pay SS Taxes on trading income ?

i've been contemplating the possibility of strictly deriving my income from investment/trading activities

i've gotten differing answers from "traders" as relates to the paying of SS Taxes on cap gains - it seems that some pay SS Taxes and others don't

it also appears that those who pay SS Taxes also file a Schedule C

my intention would be to forego the writeoffs and just use Schedule D for reporting trading activities as per the usual procedure

so the question remains - does one or does one not have to pay SS Taxes on cap gains if one's sole source of income is derived from the trading of stocks ?

thanks to any who have further insights
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News