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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 (1713)	1/2/1999 10:36:00 PM
From: Leo Yohan	Read Replies (2) \| Respond to of 5810

?Personal Holding company tax for Bowtie-Harvey-Davidson-Biker Jimmie Roger & Roger's Holding. When Jimmie Roger makes his weekly apearance as CNBC guest host, his title is president of Roger's Holding. He is a full time investor extraordinare. Presumably Roger's Holding primary business if not its sole business is investing/trading. Wouldn't Roger's Holding be subject to personal holding company tax in addition to double taxation? I can see possible legal/logistic advantages of using a holding company to invest, but only if taxation is the same as without the holding company. With the triple taxation of personal holding company tax, corporate income tax, and individual income tax, there are only about 15% left for the investor if there is a gain (if he does not pay out all gains in the same yr), and no deduction if there is a loss. I understand S-corp can not be used for pass through of investment income in this situation. Jimmie Rogers would not choose to pay 85% tax, when he can pay 50% tax. Therefore, obviously, I am missing something. Any thoughts? For those who don't like public speaking, private message response is appreciated.

To: Colin Cody who wrote (1713)	1/2/1999 11:45:00 PM
From: Dr. D	Respond to of 5810

NO there is no rule. Thanks. Yes we was the CEO fro Waterhouse Sec. He really did not seem to know much about taxes or trading in my opinion. I just wanted to make sure I was not going to have any surprises when I filed my taxes. I already made my 1998 pre tax payment in December. I mailed my 1999 2000.00 contribution last wednesday. Can't wait to add more. I love trading my Roth. I've made 367% since I converted it in February. I trade it pretty tight since shorting and most options are not allowed in this account. I appreciate the swift reply to my question.. Thanks again 3d

To: Colin Cody who wrote (1713)	3/28/1999 1:56:00 AM
From: Mr. Aloha	Read Replies (1) \| Respond to of 5810

If you actively trade within an IRA, do you need to keep track of each and every transaction like you do in a regular account? If not, and if you can consistently make money trading actively, isn't this a strong argument for doing your active trading within your IRA (avoid tax hassles and short-term gains are tax-deferred or tax-free) and your long-term investments outside your IRA (preferential long-term capital gains treatment)? Of course, the main assumption is that you can consistently make money trading actively (with the restrictions that you have within an IRA account -- no margin, no shorting, etc.), and not have to take many losses. This also assumes that you won't need that money until retirement (or whenever you start withdrawing from the IRA). Thanks in advance for any advice... Mr. Aloha