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Trading Reference Links
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Question:
I'm a full-time self-employed trader who does not elect trader status nor
pay any self-employment tax. Would you know if someone in my position might
be able to contribute trading profits filed on Schedule D to a medical
savings account for the self-employed?
Answer:
You can't have a medical savings account against trading income, unless you
set it up in a Corporation - S Corp. We use them for a variety of purposes
for traders.
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