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Strategies & Market Trends
IRS, Tax related strategies--Traders
An SI Board Since June 1996
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58 Bo, I noticed the URL of these Pure trust guys is solgroup. . If you were in tColin Cody-2/16/1998
57 Bo, Better than ask what does the IRS say (see rev rul 75-257), you might ask wColin Cody-2/16/1998
56 Brendan, no I have no specific cite for my conclusion. . It is a rationalizatioColin Cody-2/16/1998
55 ROB, You have certainly done some homework on this issue and after reading thoColin Cody-2/16/1998
54 LIBERTY PURE TRUST solgroup.com solgroup.com What does the IRS have to say aBo Didley-2/16/1998
53 Colin, this would appear to be a serious issue for all traders. Do you have anBrendan W-2/16/1998
52 I will quote to you verbatim the letter I received from IRS and another letter ROB-2/16/1998
51 Bob, Since I think that I am the only one who posted ACTUAL COURT CASES that haColin Cody-2/16/1998
50 S.W., the other little "bit needed" is to make sue you have dotted yColin Cody-2/16/1998
49 www.solgroup.com Study what they have to say before you come to any conclusioROB-2/16/1998
48 A pure trust is actually a contractual agreement protected under article 1 sectROB-2/16/1998
47 Susan, Absolutely! (to a point) Actually the Hobby Loss rule "allows&quoColin Cody-2/16/1998
46 Bob, Re: "Do you think America's billionaires work full-time at any Colin Cody-2/16/1998
45 Daytrading with the Kill Key Hi Colin, I've been using the Kill Key for a Street Walker-2/16/1998
44 Is it not true, that you may only take a loss on Schedule C, 3 out of 5 years? Susan Saline-2/16/1998
43 that's an interesting statistic.....wonder how many get audited. JoelBox-By-The-Riviera™-2/16/1998
42 S.W. you have described a CLASSIC Trader Occupation. That means, assuming youColin Cody-2/16/1998
41 Joel, $50!! I paid $73 @ Barnes & Noble. (g) There are about 2,000 1040sColin Cody-2/16/1998
40 I have given sufficient tax research comments and sites already about the tradeRobert A. Green, CPA-2/16/1998
39 Thanks - all - for pointing me in the right direction. the standard deduction sMajorD-2/16/1998
38 The tax code does not say a trading trade or business or for that matter any trRobert A. Green, CPA-2/16/1998
37 .................................[justification] I'm just a daytrader. NoStreet Walker-2/16/1998
36 Mark to market (once you have trader status) allows you to mark your holdings yBox-By-The-Riviera™-2/16/1998
35 Joel Gander is wrong about the "trader" tax status, my postings, my iRobert A. Green, CPA-2/16/1998
34 I'd go to a bookstore and browse tesser's book....then you can decide fBox-By-The-Riviera™-2/16/1998
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