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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Box-By-The-Riviera™ who wrote (317)12/27/1997 4:09:00 PM
From: Colin Cody  Read Replies (1) of 5810
 
Joel, Thank You for that story in BARRONS. I just got a copy and see what you are talking about now!
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Sounds GREAT!
They seem to have taken to old proposal for futures traders and made it an ELECTION available for "Traders." This goes against several Court Cases in years past, that helped form the BASIS for taking a "traders" approach on a person's form 1040. Amazing that it was addressed by Congress, and just as amaziong still is that few people know about it,

I will have to look up the exact law that BARRONS refers to... one of these days (g)
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Colin
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