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Now I could be wrong, as I am 60% of the time I make a trade, but I
think you are confusing a Dealer and a Trader. I believe that Traders
are not subject to Self Employment Tax and because of that they are not
able to establish a SEP,Keogh, Etc. Dealers are subject to Self
Employment and as such, are able to establish a SEP, Keogh, Eetc. At
least that is what I have read in several publications.
Regards,
Tom........
BelAirCap wrote:
>
> In a message dated 98-03-18 14:30:14 EST, you write:
>
> << Check with your accountant, but I don't think capital gains are subject
> to
> self employment tax. >>
>
> That's my whole point! As an investor, there are no self emploment taxes.
> However, as a professional trader, all profits are subject to the self
> employment tax.
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