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konrad		#1 Posted : Sunday, October 16, 2005 6:25:19 PM(UTC)
Rank: Advanced Member Groups: Registered, Registered Users Joined: 6/6/2005(UTC) Posts: 424 Location: connecticut,USA		If I call myself as a Trader, can I withdraw money from my account? and that will NOT affect anything and I will be still a Trader not INVESTOR? I try to find this answear read lot of book but there are no simple answear to this question Thanks
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Patrick		#2 Posted : Sunday, October 16, 2005 6:34:49 PM(UTC)
Rank: Advanced Member Groups: Registered, Registered Users, Subscribers Joined: 9/8/2004(UTC) Posts: 2,266 Was thanked: 1 time(s) in 1 post(s)		Does it really matter what you can call yourself? :|
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konrad		#3 Posted : Sunday, October 16, 2005 6:40:20 PM(UTC)
Rank: Advanced Member Groups: Registered, Registered Users Joined: 6/6/2005(UTC) Posts: 424 Location: connecticut,USA		yes, it matter what I am call myself.. because I want to deduct lot of expenses this year.... also, if I am absesnes from a market let say 2 month no trading(vacation) should this disqualify me as "trader" status?
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henry1224		#4 Posted : Sunday, October 16, 2005 8:02:32 PM(UTC)
Rank: Advanced Member Groups: Registered, Registered Users, Subscribers Joined: 10/29/2004(UTC) Posts: 1,394 Location: Glastonbury, CT Was thanked: 2 time(s) in 2 post(s)		Konrad, Please contact the IRS, they will help you with all of your tax questions. It is better to get their answers than to accept answers from strangers. if you try and solve this on your own, you will most likely be audited and have to pay penalties later
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investorretired		#5 Posted : Sunday, October 16, 2005 8:22:44 PM(UTC)
Rank: Advanced Member Groups: Registered, Registered Users Joined: 6/13/2005(UTC) Posts: 52		This is a question that may be best answered by the IRS. Listed is a website that has some information along with an e-mail address where you can get a “Trader Evaluation Questionnaire.” http://www.thestreet.com.../tradertaxes/716325.html
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konrad		#6 Posted : Sunday, October 16, 2005 11:01:40 PM(UTC)
Rank: Advanced Member Groups: Registered, Registered Users Joined: 6/6/2005(UTC) Posts: 424 Location: connecticut,USA		Thank, I will contact IRS
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henry1224		#7 Posted : Sunday, October 16, 2005 11:21:38 PM(UTC)
Rank: Advanced Member Groups: Registered, Registered Users, Subscribers Joined: 10/29/2004(UTC) Posts: 1,394 Location: Glastonbury, CT Was thanked: 2 time(s) in 2 post(s)		http://www.irs.gov/taxtopics/tc429.html http://www.irs.gov/faqs/faq10-2.html http://www.irs.gov/publications/p550/ch04.html http://www.irs.gov/instructions/i1040sd/ch01.html http://search.irs.gov/we...vQT=&mp=&oq=401%20K&st=1
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