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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?


To: Trader J who wrote (5518)10/7/1998 12:56:00 AM
From: Trader J  Respond to of 119973
 
Anybody here have a full-time job and file as a "trader" with the mark to market provision. If so, did you have any problems with the IRS?

Seems that the "trader" definition is relatively loose and is left to one's interpretation. As long as you can prove that you trade daily and consistently seems like anyone can claim "trader" status and get the tax benefits.

Just curious. Any help appreciated. Talking to my tax lady on Fri.

Luck to all, Market looks good so far. Globex up +1670

Jeff