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In a message dated 98-03-18 22:15:12 EST, you write:
<< If the IRS says trader income is capital gain or Loss
and if capital gain income is not subject to self employment tax,
how can your accountant justify paying self employment tax. >>
Because is your trading income comes from your Business then it is no
different than income from any other business. If you file a Schedule C then
all profits/income from the business on that Schedule C are subject to self
employment tax.
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