Income Taxes and Record Keeping ( tax ) Message Board

STOCKTALK

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 : Income Taxes and Record Keeping ( tax )

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Colin Cody who wrote (2146)	4/14/1999 5:01:00 PM
From: HandsOn	Read Replies (2) of 5810

Help I lost my job and started trading full time in MAY, and collected unemployment for 6 months. Do I qualify for trader status. I need to know what percentage of my profits on trades do I use to calculate what I owe the IRS. I can deduct up to 3000 in losses from My profits correct. I have to file an extension and need to figure out my estimated taxes that I owe the IRS. How accurate does my estimate have to be on the 4868 form. I was in the 28% tax bracket when I stopped working. If You sell a stock the same day You buy it, do You have to pay a higher percentage in taxes. I am in dire need of any help that I can get here. How do I deduct my commission costs from my trades. Thanks in advance, can't believe I waited until now to ask for help. I just heard on TV Today that I have to estimate my taxes on the 4868 form. Good luck to all here.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next