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

To: Colin Cody who wrote (1225)	10/12/2000 11:53:05 PM
From: Moving Sphere	Respond to of 1383

Colin, Thanks for the great link. Found my answer there. MS

To: Colin Cody who wrote (1225)	10/19/2000 5:36:51 PM
From: Kaye Thomas	Read Replies (3) \| Respond to of 1383

Folks here may be interested to know the IRS has finally put something about traders in their tax return instructions. It falls short of complete guidance, of course, but at last we have at least an acknowledgement that traders report gains and losses on Schedule D (unless they've made the mark-to-market election) and business expenses on Schedule C. The guidance appears on page 3 of the 2000 Schedule D instructions, available here: ftp.fedworld.gov I've included extensive guidance on trader taxation in my book, "Capital Gains, Minimal Taxes," which should be available around the middle of December from my web site. Kaye Thomas, author Fairmark Press Tax Guide for Investors fairmark.com