Active Internet Traders - tax questions & answers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Active Internet Traders - tax questions & answers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Robert A. Green, CPA who wrote (5)	1/28/1999 10:03:00 PM
From: Jon K.	Read Replies (2) of 31

Thanks for your generous offer, Robert: I didn't think you would reply after my rude posting. I'd like to make an apology for my harsh comments. "Sorry" (That must have been one of my losing day <g>) I'll shoot the question: Let's assume I make $100,000/yr from my full time job. Also made $100,000 from trading stocks with about 500 trades annually. Spending about 30 hours/week. 1. Can I be qualified as a trader? 2. If I didn't have my full time job, would it make any difference? 3. If I made half of my trading income from regular account and the other half from tax deferred pension account, how does it affect my trader status? 4. Can you give an example who will be 'safe' to report as 'trader with MTM election'? What are the key qualification factors that decides the status of a trader? TIA, Jon

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next