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Strategies & Market Trends : IRS, Tax related strategies--Traders
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To: peter michaelson who wrote (95)2/19/1998 6:20:00 PM
From: Len  Read Replies (2) of 1383
 
If I can pull you two away from each other for a minute, I'd like to ask you both a question. Assuming you take the position of a "trader," how do you make the jump from showing the gains and losses on Schedule D, to either netting that total against your expenses on Schedule C, or somehow otherwise showing the net gain/loss on your 1040?

The Schedule D , if followed correctly, will limit you if you have a net loss from transferring any more than $3000, (married, jointly) to the front of the 1040. Do you stop at a certain point, and attach a supporting statement, or some other way?

Thanks for any help
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