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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: Timbo who wrote (7840)	8/15/1998 11:37:00 AM
From: Colin Cody	Read Replies (1) of 19331

Timbo, If you are a TRADER and that "sage advice" you got was from your tax advisor [at "work" or elsewhere], I'd suggest you move on and find new representation. . Several things you said raised "red flags" but I'll just address one. I presume you are talking about form 1040, page 2, under line 65 where it asks: "Your occupation". This is supposed to be the occupation you held DURING the immediate tax year. I believe it is for classification purposes. No big deal. If you were retired but lived off the interest of a big cash position, I might suggest INVESTOR or RETIRED, but regardless, this wouldn't have any effect of your social security taxes. . If on the other hand you are not an investor, but consider yourself a TRADER, then you certainly are not "retired" (g) . Colin

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