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Strategies & Market Trends : Roth IRA ideas

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To: mod who wrote (319)12/14/1998 10:00:00 AM
From: Colin Cody  Read Replies (1) of 388
 
My CPA has said that in order to qualify for IRS trader status, I must qualify based on my [xxxtaxablexxx] trading only. Any trading activity in tax-deferred [or most any other entities] accounts would not count towards trader status,
Yes, of course this is the case!

I qualify on my taxable accounts alone, though the IRA activity would certainly make it an even stronger case. IRS couldn't care less what your IRA is doing when determining what your 1040 activity is, IMO.

Colin
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