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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?


To: Colin Cody who wrote (991)4/11/1998 10:33:00 PM
From: Daphne  Read Replies (3) | Respond to of 5810
 
colin,
in reference to my first question These assets are used 99.999% for business. My husband and I have both sent 60 to 80 hr a week last year in developing a trading method. I did soes trading for two months. For the rest of the year our trades only number about 20 because we were testing and learning and in the latter part of the year our indicators said to stay out of the market so we did not trade after oct. but still worked more than full time developing. I would like to file as a trader but am afraid the smaller number of trades in the latter part of the year and the amount of interest income vs trading income will be a problem What is your opinion? I will be glad to provide you with more info if needed
I will file trader for 1998 we should have a large profit this year.
Daphne