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Re: Tax status



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But if you don't elect trader status, doesn't that mean you
can't deduct expenses, such as data providers, confrences,
educational books, computer upgrades etc?

ta

"Roger L. Shepherd"  wrote: 

I exclusively trade futures on a short term basis.Trading
futures, you are marked to market at year end for tax
purposesregardless of whether or not you elect "trader
status".The biggest advantage of not making the trader
status election is that 40%of my gains are treated as
long-term capital gains.