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Levent,
I've filed for 3 years now, no problems. Take all the deductions you are
entitled to, within and by the law, and you shouldn't have any problems.
- Kevin
>Date: Mon, 25 Jan 1999 00:20:27 -0500
>Reply-To: erbora@xxxxxxxxxxxxx
>From: Levent Erbora <erbora@xxxxxxxxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Subject: RE: Trading and Taxes
>
>Has anybody on this list actually claimed trader status and filed their
taxes as such last year?
>If so, would you please share your experiences, hints, tips, any
problems with the IRS, etc. with the rest of us?
>
>As far as I can see, this is a VERY gray area, and although I fully
qualify as a full time private daytrader, I am hesitant to
>file as one, because I really would hate to be hassled by the IRS, end
up with an audit or at a tax court just to save a couple of grand.
>
>Thanks and best regards,
>
>Levent
>
>-----Original Message-----
>From: G.John Boggio [SMTP:boggio@xxxxxxxxx]
>Sent: Sunday, January 24, 1999 11:25 PM
>To: RealTraders Discussion Group
>Subject: GEN: Trading and Taxes - TheStreet.com
>
>Realtraders,
>
> Below is an article which I copied from TheStreet.com regarding
trading
>and taxes. I thought I would post it because every year at this time
this
>topic becomes prominent on the Forum.
>
>Hope this helps,
>John Boggio
>
>
>
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