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

To: Colin Cody who wrote (191)	2/27/1998 11:09:00 PM
From: mod	Read Replies (1) \| Respond to of 1383

Colin, are you then saying that you can use losses on a trading schedule C to avoid self-employment tax on earned income on a schedule C for a different business? I didn't think that was possible, but that seems to be the logical outcome of what you are saying. I can't find any reference to aggregation of Schedule C's for SEP-IRA purposes in the IRS publications. Where would I find that requirement? And how would that work for employer contributions to a SEP-IRA, where the employee has another schedule C with a loss? The employer can still make contributions, and can deduct them as far as I can tell, but that would seem to violate your aggregation rule. Dennis