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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: Scooter who wrote (1153)4/8/2000 6:20:00 PM
From: Parnell  Respond to of 1383
 
IRA? I have a SEP IRA, because I still run a construction business part time ( that I am slowly getting out of). I will be able to contribute about 5k tops this year, so I am going to switch to a simple IRA next year so I can contribute 6k. Because my trading profits don't involve self employment tax, they don't qualify me for the sep.Is there any way to contribute more to an IRA?



To: Scooter who wrote (1153)4/11/2000 10:09:00 PM
From: Harry Sharp  Respond to of 1383
 
Its my understanding that you can offset $30,000 of your gains against the $30,000 losses you've got from previous years.


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