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

To: Colin Cody who wrote (55)	2/17/1998 10:06:00 AM
From: ROB	Read Replies (2) \| Respond to of 1383

Collin, yes I agree, I personally still have to file a 1040 personal return. I am still liable for any filling requirements personally to the IRS. You sited an IRS ruling, is there a web site where these can be viewed? Thank you Rob

To: Colin Cody who wrote (55)	3/15/1998 6:44:00 PM
From: Allen Furlan	Read Replies (1) \| Respond to of 1383

Colin, you are very will versed on the subject of trader status. Could you please answer a simple question for me. Is a person who trades several hundred times a year and does this full time, but not as a day trader, eligible for trader status. Many of my trades are for 2 to 6 weeks, and all my net profits are short term capital gains, yet I have been frustrated that my expenses are less than 2% of my income and therefore not deductible. Any insight would be appreciated.