[RT] Tax issues etc.

[Ketayun <ketayun@xxxxxxxxxxx>]

Hi,

I know this has been discussed before, but I am not sure what the
outcome was.

Here is my question. As I understand it, if one registers as a trader,
then one may deduct such expenses as home-office etc., but would be
liable to pay full Social Security which is approx 15% on income. If you
simply declare the proceeds of your trading activity as investment
income you are not liable for Self-employment taxes and 15% social
security, but cannot deduct any expenses?

By the way since I day-trade, securities are not held for longer than 1
day at the most. Also when is one supposed to register as a day-trader
if this turns out to be advantageous?

Thank you in advance for all information and advice.

Ketayun Rustom