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 (463)	8/22/1998 8:38:00 PM
From: RookieTrader	Read Replies (1) of 1383

Thanks guys! I guess I was just getting a little frustrated at the "grey" area so to speak. I like things...at least when it deals with numbers to be in black & white! <G> Colin you stated, SE Tax is on the EARNED income of a Trade or Business. Is there a difference between earned, ordinary, and capital? I know capital is different. Could you shed some light on that subject please. Ok here is my assumption: I assume that when you take 475 MTM your trades come under ordinary income which would mean NO SE tax...right? I am reading the other thread now and plan to call the IRS...will report back as soon as I am done. Thanks again! Rookie Trader

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