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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?


To: mod who wrote (723)2/14/1999 10:43:00 PM
From: Mama Bear  Read Replies (2) | Respond to of 1383
 
"Now, every investor with a full-time job and an internet brokerage account is claiming Trader status"

Washington Post article concerning trader status:

"Thorny Tax Issue: Who Is a 'Trader'?"

washingtonpost.com

Barb



To: mod who wrote (723)2/14/1999 10:44:00 PM
From: robbie  Respond to of 1383
 
If you are a trader and nothing else, and have a net loss from your trading, you cannot take Section 179. End of story.