daytrader classification/tax implications


J

Jerohm

Can some please direct me to where I might find information
concerning the tax implications of day trading stocks as a
fulltime job. I am told that you need to declare that
status prior to the tax year.

Thank You
j
 
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H

Helen P. OPlanick EA

Can some please direct me to where I might find information
concerning the tax implications of day trading stocks as a
fulltime job. I am told that you need to declare that
status prior to the tax year.
Two websites will help you.
Kaye Thomas, Esq - www.fairmark.com and
ColinCody, CPA - www.traderstatus.com

Helen, EA in PA
Member of The Tax Gang
President, PA Society of Enrolled Agents
Campaigning for NAEA Board of Directors - Looking for YOUR vote
 
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