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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: William W. Dwyer, Jr. who wrote (1043)	9/6/1998 10:09:00 PM
From: Dave Bissett	Read Replies (2) \| Respond to of 7382

You're certainly right about the need for some pro advice on this. I don't qualify but I've filed many C's in other businesses. The self-employment tax is reported on Schedule SE and listed on the 1040 under "Other Taxes". I believe it's actually the social security tax that someone self-employed is responsible for. I would think that IF it's applicable to one's full-time trading then one would have to compare the relative merits of taking the deductions and accepting this additional tax liability versus foregoing the deductions AND avoiding this tax by filing only D, i.e. are the deductions worth more than avoiding an additional 15% tax is? I really have no idea and hope that someone who's examined this with real figures can shed some light on the outcome. Dave