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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: David Kuspa who wrote (7810)	4/11/1998 8:23:00 PM
From: B.K. Ohneis	Read Replies (2) \| Respond to of 16892

Daytrader's tax treatment, Urgent help needed It's tax season. Does anyone has any info or where to find info regarding how a daytrader is treated in tax law? I have two specific questions: first, whether the buying and selling in short term is considered "in the ordinary course of business" of the day trader; second, can the day trader treat his gain as business gain rather than capital gain? Any info will be welcome and I will not hold you as giving tax advice. That is to say, I will not follow your advice directly, although I may, after due consideration. Thanks. B.K.