Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Robert A. Green, CPA who wrote (820)	3/29/1998 1:48:00 PM
From: Kansas George	Read Replies (2) of 5810

My wife and I have a joint margin account, in which we did numerous trades last year. She works at home (as homemaker), and manages our joint account during the day. Can she complete forms required for Sole Proprietorship, and then can we enjoy benefits of trader status (on the joint account)? Also, if she completes necessary form, is she eligible for trader status tax advantages in 97?

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