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

To: HandsOn who wrote (2149)	4/14/1999 9:04:00 PM
From: Investor2	Respond to of 5810

In my opinion, you have way too many questions to try to do your taxes yourself in one day. Go see an accountant or qualified tax preparer. Best wishes, I2

To: HandsOn who wrote (2149)	4/14/1999 11:03:00 PM
From: Colin Cody	Respond to of 5810

Trader status by definition requires you be be in a bona-fide active trade or business. If you feel you are operating as a trade or business, then you need to make several informed decisions, well beyond what you are asking here. For your 1998 IRS extension, just pay as much as you feel you might owe, yet since you are mentioning trading losses, I'm not sure why you feel you owe any taxes at all. I suggest that you send a properly prepared form 4868 via certified mail to the appropriate address on April 15, 1999 if you want to preserve all your options, until such time as you can retain a tax professional to advise you! A special deadline for 1999 tax year elections expires on April 15, 1999 too, but unless you can retain a qualified CPA to discuss this with immediately, you may just have to let this pass... may or may not be applicable to you anyway. Colin