Income Taxes and Record Keeping ( tax ) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Moe who wrote (867)	3/31/1998 10:31:00 PM
From: Colin Cody	Read Replies (1) of 5810

Moe, while you have some really good questions, they do tell us that you should not be preparing your own form 1040 as a Trader. Filing with Trader Status is INFINENTLY more complex than the level of items you are asking about here. . The ODDS of audit, filing as a Trader on your own are VERY GREAT. The ODDS of getting through such an audit are just over nil... . To answer one of your questions: The TRADE DATE is the date that counts. The SETTLEMENT date is of no concern. . Don't get fooled into thinking TRADER STATUS is all glory. It is GREAT for some. It is worthless for others. WHY do you feel Trader Status is for you? . Colin

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next