IRS, Tax related strategies--Traders Message Board

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

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To: Colin Cody who wrote (460)	8/21/1998 12:05:00 AM
From: RookieTrader	Read Replies (2) of 1383

Is it that my posts contain to many questions? Or can no body answer them? I am not trying to be rude but these are pretty good questions I think... Anyway, 1) what is IRC 179? 2) Just "trader status" means trades go on schedule D and expenses go on C? And you can only take up to a 3000 loss on trades, right? 3) Mark to market means trades go on C and expenses go on C as well? and unlimited losses, right? 4) If I elect either of the above, will I have to worry about SE tax? Ok that should make it alittle more clear... thanks again. RookieTrader

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