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: kaz who wrote (1709)	1/2/1999 10:30:00 PM
From: Colin Cody	Read Replies (2) of 5810

Paul, I agree that some people on S.I. have said that Traders are subject to SECA, self employment tax. Don't bother looking it up. They are simply mistaken. A Trader pays SECA on say "trading lessons" that he gives to beginners. A Trader NEVER pays SECA on the gains from trading securities. Colin

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