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


To: Colin Cody who wrote (1338)4/13/2001 3:27:57 PM
From: Maika  Read Replies (1) | Respond to of 1383
 
Colin, is there not a tax law that one can write off a worthless stock in the year it became worthless without physically selling it?

Colin, I hope you're online today this has become a night mare subject for me.

Thanks for any info in advance, Barbara



To: Colin Cody who wrote (1338)4/13/2001 3:33:00 PM
From: scaram(o)uche  Respond to of 1383
 
OK, I'm ready to file. No question that I qualify.

Only one loose end!! For schedule C, I can't find a FORMAL "principal business code" to use.

Any help?? Sorry if I'm asking a question that's been asked over and over.

Rick



To: Colin Cody who wrote (1338)7/20/2001 6:04:43 PM
From: IngotWeTrust  Respond to of 1383
 
COLIN CODY, HOW THE HELL R U!!! Longest time since slick Texas Oil plays and the great Rev. Mark Scott and "Sparky Beardsley" days!!!!!!!

Just ran across your name cross referencing a post on the Gold Price Monitor thread of Maika's just now!

Still giving tax advice I see...I remember you were good at that!!!

Drop me a PM and let me know your rav fav stocks at this time...you still up t'snuff on the O&G bidness? Or here, try this one: mailto:origppress@aol.com

Have a great weekend and keep in touch will ya'?

gold_tutor
aka Prodigy's oleprospector



To: Colin Cody who wrote (1338)10/29/2001 1:37:40 PM
From: Luminous  Read Replies (1) | Respond to of 1383
 
What qualifies someone as a "trader", and how does this affect you tax-wise? If you make a certain number of day trades in a certain time period does that make you a trader?