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To: Iceberg who wrote (19426)	3/3/1999 7:27:00 PM
From: AnnaInVA	Read Replies (2) of 53068

According to a CPA online, his name is Robert Green, and he is an SI member, a daytrader makes an election before April 15, 1999 for the tax year 1999 to be considered as a daytrader and "Marks to Market" his shares which he is holding by Dec 31, i.e. based on what your long shares are at Dec 31, that is how your gain/loss is determined when selling. The nice thing about declaring yourself a daytrader, all related expenses are deductible on Schedule C (without considering yourself a business) and trading gains/losses are still reported on Sch D. Ciao, anna

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