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: Colin Cody who wrote (357)	6/22/1998 5:10:00 PM
From: GT	Read Replies (3) \| Respond to of 1383

WOW !!! I just found this thread - and the last two messages answered my most urgent question ie. avoidance of the dreaded self employment tax. I have been trading full time for about 6 months. Before that, I was a self employed general contractor of sorts - and let me tell you the self empl. tax is a crime against Americans trying to go it alone. When I found out that capital gains were not subjected to s.e. tax I decided right then and there to switch jobs. I decided I would maintain my builder status so as not to have the irs try and classify me as a self employed investor/trader for fear that I would then again be subject to the s.e. tax. But from what I'm hearing - it sounds like I can go ahead and call myself a self-employed trader, take deductions as such and STILL NOT BE HIT WITH S.E. TAX ???? Please re-re-re confirm this for me as this would make my day - if not my year. Thank you in advance. Gorcon. p.s. any suggested reading on this subject would be great.