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

To: Jack Chen who wrote (179)	2/27/1998 1:42:00 AM
From: Colin Cody	Read Replies (1) \| Respond to of 1383

Jack, IMO, Yes you could enter into a bona-fide arrangement (preferrably with a non-relative) to pay them for consulting computed as a percentage of your trading/investing volume.. . It would NOT be added to the stock's broker commissions, rather it would be deducted on either Sch A, line 22 or Sch C, line 11 or line 27. . What are you trying to accomplish? You'd have to #1 PAY the money and #2 the recipient would have taxable income. Where is the benefit that you are looking for? There are likely better ways to accomplish it. . Colin