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

To: Kaye Thomas who wrote (501)	10/6/1998 10:41:00 PM
From: Trader J	Read Replies (1) \| Respond to of 1383

Kaye, I hope you can take a moment to answer a question for me regarding trader vs. invstor. I have been an "investor" for some time but in August started day trading. I have been active in the market nearly every day and hold no long-term stocks for long term cap. gains. I trade, on average 4 times a day and want to declare myself a trader as I intend to continue this practice. Of course the main reason I want to do this is because I have losses that exceed the $3000 limit. I am going to my tax professional this Friday but she is not very familiar with the code for this. If I continue my "trading" ways, do you think this would qualify me as a trader and make this tax law available to me? Thank you in advance, and may I say..... great site. Good Roth info but I love your tax info as it relates to investing/trading. Jeff Haverlack