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To: WallStBum who wrote (7818)	4/13/1998 2:42:00 PM
From: B.K. Ohneis	Respond to of 16892

thank you. this is good. Tesser, according to some postings, may have answered my questions. there are situations where you want to have your gains treated as business gains. as a short term traders, one never holds things for a year and so can never get the 20% cap gain rate anyway. treating it as business gains, you can have more deductions and even good exemptions sometimes up to a bigger amount than you think. there is one guy whose name is "Robert A. Green" (he has posted something on SI) who advocated treating losses as business loss but gains as capital gains. apparently he is the strategist for the losing trader only! thanks and i will check out Tesser's book.