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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: rzborusa who wrote (275097)	3/19/2016 12:50:38 PM
From: Elmer Phud	Read Replies (1) \| Respond to of 275872

Bozo Just to clarify, I trade from my home office. My activity level, and the percent of my income derived from trading as opposed to wages/interest/dividends/etc, qualifies for trader status on my tax filing. The advantage is that all trading/investment related expenses are deductible as opposed to only a limited amount for those without the trader status. I do not compete with Buffet. I am a small time player but still enjoy the tax advantages. If you are still working for a living then you do not qualify. Sorry.