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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Carroll E. Owens who wrote (436)	2/2/1998 1:17:00 AM
From: Street Walker	Respond to of 2120

The Trader's Tax Survival Guide By ted tesser 1997 edition $53.00 ($3.00 shipping + .95 handling) amazon.com It teaches you how to declare yourself "TRADER STATUS" so that you can list equipment (computer, phone lines, cable tv, software, level 2, graphing software),newsletters and even travel as expenses/deductions. Your first have to PROVE you are a trader by having real time data feeds, Level II, making executions, graphing software, ect. Trader Status is not meant for the occasional internet trader. You have to show sufficient expenses to prove you are serious at your business. In past years, I've just been eating the cost. Things maybe changing! I WOULD LIKE TO HEAR FROM OTHERS who have declared themselves "Trader Status" and how the IRS responded. Thanks for bringing this up. Its an appropriate time of year to be thinking along these lines, and to prepare yourself business wise for other years. S.W.