Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Kaye Thomas who wrote (1572)	12/11/1998 10:46:00 AM
From: bruce bell	Read Replies (1) of 5810

Kaye, Your web site states that as an "trader" you can only write off only $3000 per year. Should that be as a investor? I think you should be able to write off all marked to market plus any other traders losses along with your investor's losses. You also site that you report all "traders' profits" as capital gains. This is reported as earning or losses as small business do. Are your these statement correct with the 1998 IRs rules? If anyone can add to the answers, please do!! Bruce

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