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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 (1983)3/15/1999 1:07:00 AM
From: kaz  Read Replies (1) | Respond to of 5810
 
Colin,

Thank you for your reply. This is my first year as a trader and I'm electing MTM. I take it I do that in schedule C under accounting method.

My earlier question still stands, though. I'm at a loss as to how I can file both Schedules D and C. On page one of my 1040, there would be two separate incomes, one for capital gains, one for business. How do I give the IRS the information it wants while making it clear that the capital gain is my business income?

Thanks again for your help. BTW, nice site.

Paul Kaz