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.

Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (317)	12/26/1997 3:40:00 PM
From: invest04	Read Replies (1) \| Respond to of 5810

Joel...you are correct...not even my CPA was aware of the recent change in the tax laws on this particular subject! I showed him the Barrons article and he chased it down from there...and then he thanked me!!!

To: Box-By-The-Riviera™ who wrote (317)	12/27/1997 4:09:00 PM
From: Colin Cody	Read Replies (1) \| Respond to of 5810

Joel, Thank You for that story in BARRONS. I just got a copy and see what you are talking about now! . Sounds GREAT! They seem to have taken to old proposal for futures traders and made it an ELECTION available for "Traders." This goes against several Court Cases in years past, that helped form the BASIS for taking a "traders" approach on a person's form 1040. Amazing that it was addressed by Congress, and just as amaziong still is that few people know about it, I will have to look up the exact law that BARRONS refers to... one of these days (g) . Colin