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PureBytes Links
Trading Reference Links
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In a message dated 09/15/1999 7:16:38 AM Pacific Daylight Time,
keptinkaos@xxxxxxxxx writes:
<< but with trader status, you're still restricted to the $3,000 in losses
limit, but you get to deduct all your trading expenses on a schedule c,
treat all profits or losses as capital income, reportable on schedule
d, and pay no social security on the profits. also, losses greater than
$3,000 are carried forward on future returns until it's used up.
i've been using this setup for years and years >>
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So have I.
Lynn
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