Tue 6/19/2018 20:06 ET
S&P 5002762.5711.050.40%BANKS468.540.230.05%OIL65.150.540.83%BITCOIN6742.160.670.01%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - Gurus Answer Questions    Gurus answer your questions about the art of trading.

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search
From: drew81 (Rep: 54)Date: 02/02/2012 12:55
Forum: Gurus Answer Questions - Msg #440Thread #673354740 (Rec: 0)
Question on being classified as a Trader vs Investor to IRS.

I am wondering how to determine if I am a trader vs investor to IRS.

I have a full time job other than on the markets but bought and sold around 500,000 in stocks over the year. My average monthly trades are between 25 and 100.

Will the IRS red flag my tax return for having a large cost and proceeds total on my schedule D?

And if so, what are the implications of not being a trader, but the IRS determining you are.

What would you like to do? Message: Endorse | Bookmark | Report AbuseUser drew81: Reward | Watch | Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search

TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.