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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: Robert A. Green, CPA who wrote (3354)	3/11/1998 8:56:00 PM
From: steve goldman	Read Replies (1) of 12617

Robert, Thanks for stopping. Since you are offering to help, perhaps you could answer the following questions: What factors will the IRS look at in determing whether or not an individual is an active trader? Is there a certain number of trader per month they might want? Certain committment? Could a trader hold a job elsewhere? From my standpoint, I am wondering what my classification would be: 1. I head the trading desk of a brokerage firm and work about 100 trades a day for clients etc, and as many know, I dont do a ton of day trading for my own account, but anywhere from 50 to 100 trades per month for myself. Somedays, like when we are down 220 points, it might be 20, some days one or two. I have home computers, subscriptions and other expenses I would like to write off. What do you think? As well, if I can mark securities to the market I can take some unrealized loss and minimize tax bite. I thank you for your response in advance? Regards, Steve@yamner.com

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