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Non-Tech : MB TRADING
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To: Robert Meany who wrote (443)6/30/1998 11:23:00 AM
From: Colin Cody  Read Replies (1) of 7382
 
You might not want to use an IRA as a professional Day Trader vehicle, especially if you are doing the SAME thing in an individually owned Day Trader account.
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Congress passed a law penalizing (taxing) IRAs that enter into a profitable Trade or Business.
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Day Trading, as you may know, is not necessarily INVESTING, but is a legitimate Trade or Business.
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Colin
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