IRS, Tax related strategies--Traders Message Board

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

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To: Esteban who wrote (787)	4/12/1999 3:13:00 AM
From: Colin Cody	Read Replies (1) of 1383

Esteban, You aren't describing a "partnership" in my book. Perhaps it's an informal joint venture you have there??? If one person is trading actively and the other is the supplier of money then clearly this is NOT a trader status situation for both partners. As a matter of fact (IF) it is as I guessed above, the partner who is the active trader is likely in violation of SEC financial advisor laws for not being registered to trade on behalf of other persons. Colin

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