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To: Susan Saline who wrote (13469)	2/16/1998 11:35:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 53068

Trader Status. I imagine they have changed the rules, obviously a CPA like Green would know. But in the past "Trader Status" was a dicey thing, a sort of "red flag" to IRS auditors. Perhaps you may want to check it over with your own accountant or show him/her Green's report.

To: Susan Saline who wrote (13469)	2/17/1998 1:27:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 53068

Trader Status - Revisited Interesting debate going on over there, maybe I will get some sleep tonight after all. It did make me stop and think about how I report, I have no idea what boxes get checked or whatever. My wife's family used David Berdon, Inc. since Berdon started out in the '20s. I just left them after my last filing last year. Very expensive, but very knowledgeable. All the bells and whistles for whatever it is one does. I have been a full time trader since the week after the Giants-Bills Super Bowl in 1991. Since 1991, Berdon has classified me as a "Stockbroker". I am not a retail stockbroker. However, I would be considered a stockbroker, as I have a license. Therefore, I am a "Stockbroker", I suppose. Now, as this fellow Green stipulates, things could change. Perhaps I could be a "Trader". In the past, I would be the last one to argue with a firm like Berdon, if I could have been a "Trader" they would have me file as one. There certainly must have been a good reason why they did not. I am going to sit this one out. I know some traders who trade some big numbers. One is a former CBOE MM. Next time I speak with him I'll ask him what he does. (Damn, I have to get my data over to his assistant soon....she prepares my Schedule D's) Like I say, it's out of my field. But something does not sound right. If it were this easy and beneficial someone would have have been talking about it by now. By that I mean; I socialize with traders, brokers, accountants, lawyers......why did I hear about this on Silicon Investor of all places? I mean I have heard it brought up in conversations by people curious about the field or just starting out who are asking a simple question. A question which, to my recollection, has always been dismissed with anything from long answers down to "You don't need the headache".