Income Taxes and Record Keeping ( tax ) 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 : Income Taxes and Record Keeping ( tax )

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Box-By-The-Riviera™ who wrote (311)	12/25/1997 2:00:00 AM
From: henry jakala	Read Replies (2) of 5810

Colin and Joel i don't intend to seek trader status will abide by Wash Sale rules and just put all cap gains on a Schedule D and forget about any writeoffs - having stated this i then understand that you are both of the opinion that SS and Medicare taxes WOULD NOT be applicable even though 100% of my income were made in this manner as i originally posted - i've heard conflicting opinions but i suspect that those who pay the SS taxes must have Traders Status and its associated benefits. if one does not seek trader status and forgos its benefits then Schedule D is sufficient and SS/Medicare taxes aren't a consideration. thanks much to both of you

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next