IRS, Tax related strategies--Traders Message Board

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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: Colin Cody who wrote (228)	3/16/1998 8:19:00 AM
From: Susan Saline	Read Replies (2) of 1383

If you fit reasonably well within the above then you could very well be a TRADER for tax purposes! Suppose, a person takes this title, and decides to file as.... Profession: "stock trader" 1. trades = profits/losses = Capital gains/losses ... entered on Sched D 2. Expenses = costs ... entered on Sched C. Schedule C = loss, every year, as only expenses may be entered here. soooo... you may only claim a loss on schedule C for 2 out of 5 yrs. Otherwise your business is considered a hobby. Is this correct? so, in the long run, any other way for a "stock trader" to file? NO other income derived ... just trades sue

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