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-----Original Message-----
From: Brian Massey [mailto:bnm03@xxxxxxx]
Sent: Tuesday, March 30, 1999 10:46 PM
To: List, Code
Subject: CL_RE: Ted Tesser's book
The Trader's Tax Survial Guide.
According to Tesser these are the benefits of cliaming tader status:
* No SE tax (beats a sub-s)
* Write off equipment
* Eligable for 60/40 rule
In order to claim trader status you should meet this criterea:
* Trade in stocks, options or futures on a realtively short term basis
* Preponderance of frequent trades short term in nature
* Must be involved in tracking daily market movements therefor relying more
on tech anal rather than fundamentals.
Overall, the length of trades and the nature of the type of trading are
usually the determining factors.
For this to be a true tax shelter you've got to show a paper loss.
b.
> -----Original Message-----
> From: Mark Simms [mailto:prosys@xxxxxxxxxxxxxxxx]
> Sent: Tuesday, March 30, 1999 1:13 PM
> To: Carl Oberman; omega-list@xxxxxxxxxx
> Subject: RE: Ted Tesser's book
>
>
> Can anyone tell me the title of his book ?
>
>
> > -----Original Message-----
> > From: Carl Oberman [mailto:swtrans@xxxxxxxxxxxxx]
> > Sent: Monday, March 29, 1999 9:25 PM
> > To: omega-list@xxxxxxxxxx
> > Subject: Unidentified subject!
> >
> >
> > This is very true. I believe the Technical Corrections Act of
> > 1998 is very
> > clear on this point. If someone needs an exact citation, I'll pull the
> > stuff out.
> >
> >
> > > Ted Tesser has made it clear that it's not necessary to pay
> > self-employment
> > > tax if you qualify for Trader status. Ted has detailed the
> > requirements in
> > > his book .
> >
>
subscription information location
http://www.markbrown.com/list.htm
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