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

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To: Robert A. Green, CPA who wrote (427)7/17/1998 8:50:00 AM
From: WallStBum  Read Replies (1) of 1383
 
Am I missing something? Wouldn't you only elect mark-to-market if you plan on losing money year after year? You don't get to treat your losses as ordinary and your gains as capital gain, do you? So then why do it?

Thinking about it now, I'm thinking that a trader would have no substantial l-t cap gain anyways, and that most all gains would be s-t cap gains and thus ordinary tax rates would apply anyways.

Okay, I think I answered for myself. (gg)

dax
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