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

To: kaz who wrote (2026)	3/21/1999 2:38:00 AM
From: Dennis Lee (Hijacked)	Read Replies (1) \| Respond to of 5810

Thanks Kaz. That helps a lot. I don't see much benefit of using mark-to-market method if one doesn't incur more than 3k loss and wash sales. Filing with trader status and using Schedule D to record capital gain/loss and using Schedule C to record expense is good enough. Am I right?

To: kaz who wrote (2026)	3/21/1999 12:41:00 PM
From: Colin Cody	Read Replies (1) \| Respond to of 5810

Paul you are mentioning "short-term" and "long-term" and implying (I think) in your note here that this has something to do with whether the trades are mark-to-market. NOTHING could be further from the truth. There is little but a coincidental relationship between these concepts. "tail wagging the dog" so to speak. You have until June to fix the return as necessary. Colin Cody, CPA traderstatus.com