Go Back   CDN Business Directory > Main Category > Taxes

 
 
Thread Tools Display Modes
  #4  
Old 02-24-2004, 09:33 AM
Arthur L. Rubin
Guest
 
Posts: n/a
Default Re: Professional Daytrader status with IRS

- quote -

> > For those of us who are professional daytraders, when we
> > fill out our IRS forms ... what is the code number that
> > we use for Professional Business Acitivity Code?


> 523900


I still like 713200 (gambling industry), as I can't find a
code for a professional gambler.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #3  
Old 02-24-2004, 09:33 AM
Reno
Guest
 
Posts: n/a
Default Re: Professional Daytrader status with IRS

smithff33[at]aol.com (Herb Smith) wrote:
- quote -

> "fkissam" <fkissam[at]bellsouth.net> wrote:

> > For those of us who are professional daytraders, when we
> > fill out our IRS forms ... what is the code number that
> > we use for Professional Business Acitivity Code?


> The list is in your Schedule C instructions.


Didn't miss the 3115 last april did we?

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #2  
Old 02-23-2004, 06:20 PM
Herb Smith
Guest
 
Posts: n/a
Default Re: Professional Daytrader status with IRS

"fkissam" <fkissam[at]bellsouth.net> wrote:

- quote -

> For those of us who are professional daytraders, when we
> fill out our IRS forms ... what is the code number that
> we use for Professional Business Acitivity Code?


The list is in your Schedule C instructions.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #1  
Old 02-23-2004, 06:20 PM
John H. Fisher
Guest
 
Posts: n/a
Default Re: Professional Daytrader status with IRS

- quote -

> For those of us who are professional daytraders, when we
> fill out our IRS forms ... what is the code number that
> we use for Professional Business Acitivity Code?


523900

"Jack" - John H. Fisher - TaxService[at]aol.com
Philadelphia, Pa - Atlantic City, NJ - West Wildwood, NJ
My Newsgroups & Boards at: http://members.aol.com/TaxService/index.html

Where Ignorance is bliss, 'tis folly to be wise!=

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 
Old 02-23-2004, 05:41 PM
Arthur L. Rubin
Guest
 
Posts: n/a
Default Re: Professional Daytrader status with IRS

fkissam wrote:

- quote -

> For those of us who are professional daytraders, when we
> fill out our IRS forms ... what is the code number that
> we use for Professional Business Acitivity Code?


Gambling?

Sorry -- I know the question deserves a serious answer.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #-1  
Old 02-22-2004, 09:08 PM
fkissam
Guest
 
Posts: n/a
Default Professional Daytrader status with IRS

For those of us who are professional daytraders, when we
fill out our IRS forms ... what is the code number that
we use for Professional Business Acitivity Code?

Thank you.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

Tags
daytrader, irs, professional, status
Similar Threads
Thread Forum Replies Last Post
Ameritrade/MSM2005 daytrader's nightmare
hg: I downloaded my trades from ameritrade to 2005MSM and had the correct amt of money in my cash account. However, MSM showed all of these positions I...
Microsoft Money 4 03-15-2005 06:18 PM
real estate professional
marty: Most people want to be classified as real estate professional for loss purposes. I have a friend who is buying houses, fixing up and selling for...
Taxes 1 02-15-2004 06:20 AM
Tax Professional Newbie
Iannechavis: I am currently waiting for the issuance of my CPA certificate (Texas). I am planning to become a part time tax preparer this upcoming tax season...
Taxes 8 10-30-2003 04:21 PM
daytrader classification/tax implications
Jerohm: 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...
Taxes 3 09-25-2003 05:16 AM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 04:06 AM.