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To: TFF who wrote (2360)1/12/1998 8:09:00 PM
From: xstuckey  Read Replies (2) | Respond to of 12617
 
I don't buy individual equities for investments therefore there is no bias

Hi irby,

I was mistaken in assuming you invested in individual stocks. What you are doing makes sense to me provided you cannot produce greater gains with your trading than the funds yield <g>.

Get a friend from the southern US to explain the dead horse reference. I thought everyone was familiar with it.

Best Trading, X

P.S. Do you agree that it is not good for a trader to have individual stocks in a long term portfolio?



To: TFF who wrote (2360)1/14/1998 5:54:00 PM
From: Stan Harrison  Read Replies (2) | Respond to of 12617
 
Question regarding schedule for income tax return - I'm a new
day trader. I just realized that I'm going to have well over 1,000
trades for the year. How do you guys (& gals) report your
day trades on your tax return? It seems that the best way is to
actually itemize them on a supporting schedule for Schedule D of
the Federal Income Tax return. To report the profits on
Schedule C would subject me to Self Employment Tax on the
profits (which is avoided by using Schedule D).
I would appreciate any input.
Thanks in advance