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I was hoping you wouldn't defer to the IRS' definition. Hanging on to
dwindling profits from an earlier trade to reduce the rate of taxation is
tantamount to saying that the IRS rules are a mandatory component to a
trading system. Perhaps they are, but there are other strategies to address
IRS rules, which probably aren't a topic for this forum.
-----Original Message-----
From: -- [mailto:hadrada@xxxxxxxxxxx]
Sent: Sunday, April 29, 2001 10:51 AM
To: caw; Omega_List
Subject: Re: trading systems
: Perhaps you could clarify a little more something you wrote. If I invest
in
: an entity that trades, am I implicitly or indirectly a trader? If I buy
: and/or sell interests in 10 (different) mutual funds within 30 days, am I
a
: trader or implicitly an investor? The point is, how do you distinguish
: between a trader and an investor, excluding the IRS' definition which is a
: whole other can of worms.
I think the IRS defintion makes a lot of sense. If you're paying personal
income tax on this as oppose to capital gains, it makes a lot of sense to
define this as trading. Even though you're limiting yourself to 1/2 of the
trading equation....Speaking of which, I'd like to know how the old lady
that goes 'long only' in the old Omega commercials is doing. Anybody has any
idea?
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