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.

Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: JHC44 who wrote (55761)	10/10/1998 8:32:00 PM
From: Gary Korn	Respond to of 61433

By treating daytrading as a business wouldn't that mean you would be subject to social security tax being "self employed"? Actually, no. From the thread called "IRS, Tax related strategies--Traders": Subject 5727 (Post 511) "At first this was unclear. Congress put a technical correction in the recent tax legislation clarifying that even though the income becomes ordinary income, it doesn't become the type of income that's subject to self-employment tax." This is a helpful thread, albeit with few posts, and I recommend it. Best, Gary Korn