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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )
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To: Gorak Shep who wrote (2031)3/22/1999 4:30:00 AM
From: Dennis Lee (Hijacked)  Read Replies (1) of 5810
 
So as a part time trader like me, would it be safer to claim
trader status (less likely to get audited) but not to elect mark-to-market method? In this case, both schedule C and D are
filed.
If one has much more than 3k loss carried over from '97, electing
MTM and recording stock gain in Schedule C might not be a
good idea either. Is this true ?

Thanks a lot.

Dennis
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