SI
SI
discoversearch

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.
Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: J. C. Dithers who wrote (35234)4/3/2001 5:14:28 PM
From: djia101362  Respond to of 65232
 
JC-

I don't think that is an issue because the code says that you can designate a security to have section 475 NOT apply to, meaning you are buying it for long-term purposes, as long as you identify that particular security ahead of time.

I think the best way to do this is to actually identify a particular account that you want to make the election for, and have a separate account for your long-term investments.

At any rate, each of us needs to decide for ourselves if we even can be considered a "trader".

Again, check w/ your tax advisor.



To: J. C. Dithers who wrote (35234)4/8/2001 6:02:58 AM
From: moufassa7  Respond to of 65232
 
J.C. Dithers, thank you so much for the kind words. I'll be sure to keep you posted on all of my trades. I had no idea you were such a lurker. The president of my fan club will get an application to you.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News