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 : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: Adivino who wrote (353)	6/17/1998 1:31:00 PM
From: Colin Cody	Respond to of 1383

Prospector, Profits from short term gains if your not a Trader is taxed at a lower rate then if you are a Trader, once you declare yourself as a Trader to the IRS you are taxed on earned income. If this is wrong please correct me. . Short-term gains and losses, mid-term gains and losses and even long-term gains and losses are taxes identically (all on Schedule D) whether you are an Individual Investor or an Individual Trader. . An Individual Trader has available the (very rare) option to ELECT at HIS SAY SO, to "mark-to-market", which has some effects that differ from the norm. . Colin