Trading For A Living 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 : Trading For A Living

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: David R. Parker who wrote (124)	5/22/1998 5:00:00 PM
From: Monty Lenard	Read Replies (1) of 1729

Although a trader and an investor treat gains and losses the same way, a taxpayer may prefer when possible to qualify as a trader because a trader is not subject to the 2-percent floor on itemized deductions and is not subject to the investment interest expense limitation. A trader also generally can exclude trading gains and losses when computing self-employment income. However, a trader must compute self-employment income by including gains and losses from dealing in or trading Section 1256 contracts when the trader is an options dealer or commodities dealer. A dealer's investment account transactions may qualify for trader status if the nature and extent of the activity meet the judicial characteristics of the trader definition. Monty

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next