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Non-Tech : Enhancing Profits Through Incorporating
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To: SE who wrote (79)1/6/1998 9:05:00 PM
From: Brendan W  Read Replies (1) of 88
 
Scott, regarding reply #79 9 months ago. The guy was asking can I with my trader status expense things on Sch. C like quote services, research, etc. when my capital gains are behind the IRA.

My unrelated question on trader status:
You contend that you absolutely can't hold for more than 12 months if you want trader status. I have heard that your average holding period has to be short but that would allow for some longer holding periods. The real question is how do you compute the average holding period? Do you do a simple mean average from the tax lots you report? Do you have to weight it by the amount of capital invested? Or do you weight it somehow by the amount of gain?

Also, where does it say a trader can't also have long-term investments like everybody else for college, retirement, etc.? This seems so unjust.
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