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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?


To: Box-By-The-Riviera™ who wrote (31)2/16/1998 2:53:00 PM
From: Susan Saline  Read Replies (1) | Respond to of 1383
 
re:
Other expenses (without mark to market election) however can be deduced on Sched C....where prior only on Sched A....... this would be one real advantage of trader status for deducting trading related expenses like the ones you described....if you are prepared to defend yourself in an audit.

Which tax pamphlet can I read that states the above reference
or any notation even close.
I would qualify, and do not fear an audit.
But would like to see it in print, in an IRS publication.

Thanks, Sue

ps. going to return Tessers (just ordered) book after reading your revelation.
I am not a tax protester <gg>



To: Box-By-The-Riviera™ who wrote (31)2/16/1998 2:55:00 PM
From: Street Walker  Read Replies (1) | Respond to of 1383
 
[mark to market election]

Please explain the above term with an example for traders.

Thanks for the FREE explanations.

TED TESSER: I have his book and have read part of it. Did not
get the feeling he is a tax protestor at all! His information
is very forthright and practicle, imo. Please explain.

Colin, I would like your opinion of Ted's book as well.

S.W.