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

To: bruce bell who wrote (1977)11/15/1998 7:49:00 PM
From: Colin Cody  Read Replies (1) | Respond to of 7382
 
Bruce, Can you be a trader and draw from SS and IRA accounts? Or is there a ruling that you must produce more than 50% of your income from trading?
I'm not sure what you are asking me. Please give more details.

To be "a trader" for IRS purposes a taxpayer needs to derive most of his income from such activity (Liang v. Comr.) Maybe this is what you were looking for?

Colin


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