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To: Dominick who wrote (3399)3/13/1998 7:50:00 PM
From: dennisp  Read Replies (1) | Respond to of 12617
 
What happens if it is just you?



To: Dominick who wrote (3399)3/14/1998 1:02:00 AM
From: ojai  Read Replies (1) | Respond to of 12617
 
You know that if you file a schedule C then your income is subject to social security taxes, (15.3% this year). Your write offs will have to be greater than this for expenses to see a gain from this strategy. This probably would also force you to file the same way in future years with the IRS, I would think.
-ojai



To: Dominick who wrote (3399)3/15/1998 3:15:00 AM
From: Colin Cody  Read Replies (1) | Respond to of 12617
 
Not clear what kind of "short-term profits" a FINANCIAL ADVISOR would be having???? It sounds like you might be saying a Financial Advisor's profits from trading stocks would be so-called "ordinary income".
.
Of course, that isn't the case. What did you mean to say?

Colin


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