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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (580409)8/10/2010 5:27:17 PM
From: Bill2 Recommendations  Read Replies (1) | Respond to of 1585989
 
I'm a tax cuts guy. Rich or poor, we should all be assessed the lowest rate feasible.

As far as reporting income goes, I favor obeying the law that requires all income to be reported. I think we all do, except Democrat politicians.



To: J_F_Shepard who wrote (580409)8/10/2010 5:39:26 PM
From: longnshort  Read Replies (1) | Respond to of 1585989
 
I traded options years ago, I reported the trades



To: J_F_Shepard who wrote (580409)8/10/2010 7:42:15 PM
From: i-node  Read Replies (1) | Respond to of 1585989
 
>> I said "to the best of my knowledge"....do you know? I've traded options years ago and didn't have to report the trades...

You are required to report option trades whether or not you receive a 1099.

For that matter, you are required to report ALL income under IRC 61, "from whatever source derived" absent some specific exclusion.


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