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Date Posted: 06:24:45 01/13/00 Thu
Author: Mark
Subject: Re: Patty, thanks! I'll have to check it out..
In reply to: Patty 's message, "Re: Patty, what was this 'supertrader' (tax) status?" on 05:17:41 01/13/00 Thu

But, I've got a question: can you still be considered an
"active trader" even if you are currently working a full-time day job?? Thought the IRS froned upon that?

I'll have to check that Quicken site. The IRS site is
cumbersome to search through(!).


> > I'll have to check out the SmartMoney article.
> > I think i mihgt have problems with the wash rules,
> > but--from what I've been reading--it seems the
> > wash-loss
> > CAN be applied to the cost basis of the remaining
> > stock (or what has been purchased subsequently). I'm
> > going to have
> > to find a good accountant this year!
>
> Mark, are you an active trader? If you are than you
> are entitled to all the benefits. The wash-rule and
> equipment write offs. I think you may be able to get
> pretty good information on the Quicken website. They
> are great.

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