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 (563)	11/16/1998 9:07:00 AM
From: mod	Read Replies (1) of 1383

Even the IRS doesn't know what they are talking about when it comes to trader status. (Why am I not surprised?): <<Calderaro said if you trade only your own portfolio, no matter how much or how often, you're an investor and should file a Schedule D to report capital gains and losses. A Schedule C applies to people in a trade, business or profession, meaning only when you trade other people's money like a broker or dealer, do you qualify to file Schedule C, according to Calderaro.>> cbs.marketwatch.com Dennis

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