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

To: Colin Cody who wrote (239)3/16/1998 7:55:00 PM
From: mod  Read Replies (1) | Respond to of 1383
 
Page 227-230 of his 1993 book. I don't have the revised edition. He basically says he has seen it done both ways, but usually reports income on Schedule D, but does not carry it to page one of the return. Rather, he flows the income to Schedule C. He also pays self-employment tax, and then takes a Keogh deduction.

Dennis



To: Colin Cody who wrote (239)3/16/1998 9:35:00 PM
From: Box-By-The-Riviera™  Respond to of 1383
 
See, told ya tesser was borderline. He'd rather have his readers battle it out in tax court then give them a strategy that works up front... the guy has an agenda more than he has advice. IMO

Joel


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