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Old 09-25-2003, 04:16 AM
A.G. Kalman
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Default Re: daytrader classification/tax implications

Jerohm" <jrmohrREMOVE[at]snet.net> wrote:

- quote -

> Can some please direct me to where I might find information
> concerning the tax implications of day trading stocks as a
> fulltime job. I am told that you need to declare that
> status prior to the tax year.


http://www.fairmark.com/traders/index.htm
http://www.quicken.com/cms/viewers/article/taxes/53718
http://www.irs.gov/pub/irs-drop/rp-99-17.pdf

Alan
http://taxtopics.net

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  #1  
Old 09-23-2003, 10:48 AM
Helen P. OPlanick EA
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Default Re: daytrader classification/tax implications

- quote -

> Can some please direct me to where I might find information
> concerning the tax implications of day trading stocks as a
> fulltime job. I am told that you need to declare that
> status prior to the tax year.


Two websites will help you.
Kaye Thomas, Esq - www.fairmark.com and
ColinCody, CPA - www.traderstatus.com

Helen, EA in PA
Member of The Tax Gang
President, PA Society of Enrolled Agents
Campaigning for NAEA Board of Directors - Looking for YOUR vote

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Old 09-23-2003, 10:48 AM
D.F.
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Default Re: daytrader classification/tax implications

Jerohm wrote:

- quote -

> Can some please direct me to where I might find information
> concerning the tax implications of day trading stocks as a
> fulltime job. I am told that you need to declare that
> status prior to the tax year.


http://www.google.com/search?hl=en&i...er.status+mark
will return a multitude of information on "trader status" and
mark-to-market.

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  #-1  
Old 09-23-2003, 04:41 AM
Jerohm
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Default daytrader classification/tax implications

Can some please direct me to where I might find information
concerning the tax implications of day trading stocks as a
fulltime job. I am told that you need to declare that
status prior to the tax year.

Thank You
j

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classification or tax, daytrader, implications
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