Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ada Marie who wrote (3521)	3/23/1998 11:53:00 PM
From: HKBrittain	Read Replies (2) \| Respond to of 12617

Ada - Trader status has been discussed considerably at techstocks.com Reading through the last hundred posts or so might help. Regards, Kim Brittain

To: Ada Marie who wrote (3521)	3/24/1998 10:00:00 AM
From: Colin Cody	Read Replies (1) \| Respond to of 12617

Ada, 1. I don't use the home office as a write-off. Does the above scenario constitute trader status for the IRS? No, it does not. 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. Yes there are unofficial, somewhat subjective figures. For the $$$ amount, the Trader operation should provide "most of your income". For the frequency you should trade constantly, full-time, all year long. 3. Is any of this worth bothering about? Not for the level you are trading. You are an INVESTOR, SPECULATOR. Colin