Recent content by learnalways123

you have 4 legs -- so have to report all 4 legs(4 rows) in detail. The net of 4 legs will add up your profit/loss from the IC position.

hi What are the keogh/pension plans which Active Traders can setup? https://smartasset.com/retirement/what-is-a-keogh-plan "If you have a profit-sharing plan, you can contribute however much you choose, not including contributions for yourself." like the above statement if you make profits of...

is it permissible to amend the operating agreement of a partnership to include guaranteed payments 2(or X) years after its formation? The reason being that initial years the partnership was not profitable but now it is?

you benefit only if you are an Active Trader. very little else.

Thank you @Girija and @Scataphagos. confirm same with my research - needs to be documented with 1099.

Hi Any active trader groups trading stocks/options in NY/NJ/PA?

hi I have TTS. If i paid a person (say independed contractor) for stock research partly via cash and partly via paypal -- what kind of documentation is required to claim it as an expense?

you will not end red on the year from wash sales. No sir.

Thanks @TooEffingOld. appreciate your inputs. I am hoping there is someone on this forum who uses a partership for trading and can provide more precise guidance.

Thanks sprstpd. I think u r correct. So over 250k -- Schedule L, M1 and M2 are required it seems.

hi For active traders -- what is the definition of Gross Receipts as asked below? Schedule B - Schedules L, M-1 and M-2 Requirements Does XXX llc satisfy all four of the following conditions? The partnership's total receipts for the tax year were less than $250,000, ----------------- Is...