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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (1684)	12/30/1998 6:27:00 PM
From: RocketMan	Read Replies (1) \| Respond to of 5810

I'm sorry, I mean Schedule D. But you answered my question, because this was an investment house, so I can put it on Scheudule D along with the stock trades. Thanks again!!!!

To: Colin Cody who wrote (1684)	12/30/1998 7:46:00 PM
From: Daphne	Read Replies (1) \| Respond to of 5810

Colin, Assume TP is filing Sch. C as A Trader. #1. For the purposes of the sec. 179 deduction which of the following would be considered income figure for Taxable income limitation: Capital gains\losses, dividends, interest, capital loss carryforwards, Sch c bus. expenses from trading, loss from sale of business property form 4797? #2 Can the Sec 179 deduction create a net loss on the sch c ? Daphne

To: Colin Cody who wrote (1684)	1/1/1999 8:43:00 AM
From: Wayners	Read Replies (3) \| Respond to of 5810

Colin, I have over a thousand trades this year. I've traded maybe 75 different stocks during the year. Is there a way to consolidate the reporting in Schedule D such that I'm in compliance without having to list every single trade on a different Schedule D line? It took me about 4 weekends last year to actually list every trade seperately, and I never ever want to repeat that. Quicken with Tax Cut software were of no help because the transfer of data put lots of blanks on the Schedule D of the tax return. I ended up going back and fixing it all by hand. I will never ever buy tax software again. Thanks in advance.

To: Colin Cody who wrote (1684)	1/2/1999 4:50:00 PM
From: Dr. D	Read Replies (2) \| Respond to of 5810

Colin This is my first day on this thread. I have read a few posts, you seem to be the local Guru. But address these questions to all as well. Is there a IRS rule regarding day trading a Roth Ira account? I mean, in terms of how long you must hold the position before taking profits. If so, please explain in simple terms. I was watching CNBC's Money Bowl yesterday (1/1/99) and one of the guests alluded to this rule but did not clarify it. Additionally, (Non IRA question) How would the washout rule apply to this scenario? I buy xyz and it tanks on news. I immediately short the stock then sell the long position , hold the short and close the position at a profit that day. Thanks 3d

To: Colin Cody who wrote (1684)	1/3/1999 1:02:00 AM
From: Dr. D	Read Replies (1) \| Respond to of 5810

Colin In my previous post to you I asked the following question. Perhaps you overlooked it since I asked 2 questions. (Non IRA question) Would the washout rule apply to this scenario? In my taxable account . I buy XYZ.Co and it tanks on news. I immediately short the stock then sell the long position , hold the short and close the position at a profit that day. Is the loss on the long position deductible to the short position trade profit? Or is the loss washed? Thanks 3d 3d