Fwd: income tax on traders

[KCSpread@xxxxxxx]

In a message dated 98-07-02 16:28:33 EDT, sjguenard@xxxxxxxxxxx writes:

<< The practical question in my mind is "Is there a web page out there 
 that helps the trader understand how to qalify as a "trader" in the eyes 
 of the IRS?" (all expenses on Sched C, all profit and loss on Sched D, 
 no wash sale rules). I've seen an out of date book on this last year. 
 Would appreciate any assistance. >>


Bruce, last time I asked a tax question I received many bad answers.  My
solution was to go here:

http://www.irs.ustreas.gov/plain/forms_pubs/forms.html

download and read publication 550.  Best of luck to ya
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From: "bruce guenard" <sjguenard@xxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: income tax on traders
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Gents
 The practical question in my mind is "Is there a web page out there 
that helps the trader understand how to qalify as a "trader" in the eyes 
of the IRS?" (all expenses on Sched C, all profit and loss on Sched D, 
no wash sale rules). I've seen an out of date book on this last year. 
Would appreciate any assistance.

Bruce 


>Mervin,
>
>>From my perspective the discussion is moot.
>
>Derivative markets are not  a zero sum game .....
>


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