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Old 07-26-2004, 07:04 AM
Richard J Kinch
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Default Re: Day/swing trading and self-employment taxes?

HUDAV847 writes:

- quote -

> I'm not working at any outside job, but I am trying to earn
> money by day/swing trading. At what point (a certain number
> of trades, a certain number of hours spent, etc.) would I
> have to pay self-employment taxes?


Never, since you won't be making a profit.

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Old 07-26-2004, 05:10 AM
Helen P. OPlanick EA
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Default Re: Day/swing trading and self-employment taxes?

- quote -

> I'm not working at any outside job, but I am trying to earn
> money by day/swing trading. At what point (a certain number
> of trades, a certain number of hours spent, etc.) would I
> have to pay self-employment taxes?


You don't. Daytraders only use Sch C for expenses, not
income.

Helen, EA in PA
50 miles, 3 days, 1 cause - Multiple Sclerosis Challenge Walk for the Cure
October 1 to October 3, 2004
Donate on-line at www.msandyou.org

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  #-1  
Old 07-23-2004, 01:21 PM
HUDAV847
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Posts: n/a
Default Day/swing trading and self-employment taxes?

I'm not working at any outside job, but I am trying to earn
money by day/swing trading. At what point (a certain number
of trades, a certain number of hours spent, etc.) would I
have to pay self-employment taxes?

Thank you in advance for any information.

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

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day or swing, selfemployment, taxes, trading
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