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Forum - Gurus Answer Questions    Gurus answer your questions about the art of trading.

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From: drew81 187% (Rep: 0)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.

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