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

To: Mama Bear who wrote (724)	2/14/1999 10:59:00 PM
From: mod	Respond to of 1383

Nice timely article, Barb. I am afraid that the upsurge in people claiming Trader status, especially those looking to write off big losses in excess of the $3,000 limit (what are these people doing trading anyway?) is causing a crackdown by the IRS. They didn't bother when it was just a few people, now they'll probably have 100,000 or more "Trader Status" returns, and they are not happy about it...