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To: Wyätt Gwyön who wrote (45580)12/8/2000 3:38:43 PM
From: Box-By-The-Riviera™  Read Replies (1) | Respond to of 436258
 
trader status can move you to sched c.... but you will need to meet pretty tough requirements if you want to withstand any future audits...

J



To: Wyätt Gwyön who wrote (45580)12/8/2000 5:06:44 PM
From: Nathan  Respond to of 436258
 
Mucho, exactly what I am doing now. Incorporate yourself as a company and put all trading accounts into corporate name.
I also keep a personal account which is nice to eliminate the wash sale rule. If I sell something at a loss in the corporate account I can buy it back immediately in the personal account and vice-versa. Talk to a tax professional for details.


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