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


To: Souze who wrote (1259)12/14/2000 6:58:45 PM
From: Colin Cody  Read Replies (2) | Respond to of 1383
 
That is my personal theory... that an IRA, if traded with continuity and regularity to the extent that substantial activity is spent seeking to profit from daily market movements in the prices of securities and not from dividends, interest, or capital appreciation then the IRA would be deemed to be operating the trade or business of a securities trader.

The operation of a trade or business by an IRA disqualifies the IRA... retroactively.

Colin Cody
traderstatus.com



To: Souze who wrote (1259)12/15/2000 10:49:01 AM
From: herringbone_100  Read Replies (1) | Respond to of 1383
 
i have been essentially been day-trading 2 ira accounts with great sucess for over 6 years, and irs hasn't bothered me YET..
knock on wood.
regards.