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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (3450)	3/18/1998 11:43:00 AM
From: Pierre Borczuk	Respond to of 12617

Have been interested about "trader status" since mention on various SI threads, but only in the past several days, has such details been so clearly spelled out...thanks for the clarification... Pierre

To: Colin Cody who wrote (3450)	3/23/1998 9:13:00 PM
From: Ada Marie	Read Replies (2) \| Respond to of 12617

Anyone...Hi, I'm new to daytrading. Warning this is very long question!! I own a business with my husband; however, I maintain a home office away from our business. I've begun trading equities daily and have had very good success. My criteria is to only buy 1 stock a day....I usually wait up to three hours before I sell it. This gives me time to do work for my other business. My question is three-fold. 1. I don't use the home office as a write-off. Does the above scenario constitute trader status for the IRS? 2. I understand that operating as a business helps legitimize a trader, yet is there a dollar figure or trade frequency that makes it legitimate. I already write-off much of what I would use in the other business. 3. Is any of this worth bothering about? Thank you for any help you may have to offer.