SI
SI
discoversearch

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 : IRS, Tax related strategies--Traders
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Robert A. Green, CPA who wrote (423)2/27/1999 7:06:00 PM
From: whyretire  Read Replies (1) of 1383
 
You said: "Several experts at the big six accounting firms believe that when a Trader in Securities (who qualifies for this status - check with us) elects mark-to-market accounting treatment all their trading activity should be reported as ordinary gain and loss on Schedule C not Schedule D. This appears to consistent with the IRS regulations, code and the new act wording."

Do you mean that Schedule C reporting is or is not consistent with regs, code and the act?

If Sch C reporting is consistent (or is required for trader in securities), are the stock transactions capital assets qualifying for exclusion from SE tax?

Thanks.

Will H.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News