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Re: trader status question



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Alan Abraham ecrit:
>...If you own a corporation and it trades, for example, and makes a fortune, 
>and you take no salary, then, you have no income to report......Like it could 
>resolve to buy an expensive house in Malibu and allow you to live in it for free 
>(even stock it with food)....

The "owner" would be compelled to report the fair rental
value of the house as income, no? Likewise with respect to
the food eaten.....or am I missing something (again)?