IRS, Tax related strategies--Traders Message Board

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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: Colin Cody who wrote (752)	3/11/1999 2:49:00 AM
From: The Prudent Investor	Read Replies (1) of 1383

Dear Colin: I have been an active day trader in 1997, but in 1998 got full time job and did not trade quite as often. Infact, I made no trades at all the 2nd half of 1998. I have not filed my 1997 return yet, so I guess I can still make Marked to Market election. However, I would like to find out first if I can do that, now that I'm not a daytrader anymore. If I can, what about that 4 year deal that one is required to do (something about only being able to deduct 25% of loss for 4 years?) I appreciate your feedback. Thanks in advance.

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