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

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To: Colin Cody who wrote (239)3/16/1998 7:55:00 PM
From: mod  Read Replies (1) of 1383
 
Page 227-230 of his 1993 book. I don't have the revised edition. He basically says he has seen it done both ways, but usually reports income on Schedule D, but does not carry it to page one of the return. Rather, he flows the income to Schedule C. He also pays self-employment tax, and then takes a Keogh deduction.

Dennis
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