Silicon Investor (SI) -- The First Internet Community

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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (89601)	2/17/2001 10:58:50 AM
From: ild	Read Replies (1) \| Respond to of 132070

I do believe that yesterday O'Neill let slip the callow administration's idea that a weak dollar will increase exports. He backed away from his statements after the world had a cow, but so did Jim Baker when he decided to take the dollar into the toilet in the mid to late 80s. Did Baker succeed? Wouldn't it be fatal for US stock market? Do you believe in Gov tax surplus? I think it's all from the stock/credit bubble. Thanx - ild

To: Knighty Tin who wrote (89601)	2/17/2001 11:23:43 AM
From: ild	Read Replies (2) \| Respond to of 132070

MB, RE: IRS Audits. How can IRS audit a stock trader that made thousands of trades using several brokers? As fas as I understand IRS will have to use statements from brokers to reconstruct all the trading, long and short gains ans losses, wash conditions, etc. In the last few months I've been using a brokerage (Interactive Brokers) who has never sent me a piece of mail. They use e-mails only. I like them because of their low commissions. With them I'm trading options only. The even didn't send me 1099 for 2000 (no equity trades). If I ever get audited will IRS accept e-mails? Thanx - ild EDIT: I didn't make many trades in 2000, but still have trouble using Quicken. It doesn't like short sales and is sometimes confused with options. I'm using Quicken 1999. May be Quicken 2001 is better, I don't know.