Recent content by professorkev

hold until 3.50? DOn't see that happening after it dropped today, seems to never fail. I would have sold in the am if I wa shome (out at my kids school)

Sorry, Mostly the Roth I was concerned about. I meant that I should keep the toal amount I trade and wifes salray from hitting 155K if I wanted to put away in a roth. who knows how much longe rI will trade for, this might be my last year or maybe next. I guess your right, the only purpose...

MAn, I hate trading. First it was difficult to find a CPA who specializes in traders and now that I interviewed two more, one mentioned to me I can't contribute to IRA if AGI is over 166K (which filing jointly we exceed that by 50K. So what the helk do you guy do when you go over that...

NEC, expensive but I feel they are worth every penny. Good on the eyes and their looks are simple. Buying another one tomorrow! 2490wuxi

elpollo, who is your CPA, I'm interviewing & looking for one who does traders and setting up entities in NY.

So I'm going to call Greentrader tomorrow and tradertax and a CT. guy named HArtmann and a local. Man I need to get this done and over and established.

30 trades a day, Damn. I'm only doing 5-7. that's about all the brain can handle. I guess I'm a young middle-aged guy. scrap the middle-age! THen again, my daily trades are increasing with the flow and experience. a year ago I was only doing 3-5 per week! Yes, I follow trends and...

Ha Ha HA, Laughed at the quote. Don't want to get in the middle of a battle with that one! Thanks I might try it tomorrow! I'm just a lil' guy learning after 2 years of trading, as long as you think thats' ol and he can set up entities, if warranted...

I want somone to figure it out for me and set up an entity correctly. I don't care if they charge 3K or what; I'm paying a professional to do a job and do it right. Now if I try it I may do it right, but if Mr. Taxman comes knocking on my door and says No No No you missed something and now owe...

So I met with a CPA in OCtober(late) and he said he would be willing to take me on as a client and would have to look through everything and decide which route would be best. numerous calls later and failure to call back in a timely manner left me with nothing but aan email from his PT CPA...

And in order to claim M2M on personal individual taxes you need to be considered a Day Trader correct? THus the reaosn for entityt trading becuase electing trader status is easier to accomplish. Either way, it seems daytrading as an entity is the way to go and simpler than keeping it on an...

Does anyone like an online Tax trade CPA, like the Green guy and I think there is another too? Being in Syracuse NY I seem to be having difficulty so far (smaller city). Met with one guy but play more phone tag than I do actual business talk.

I can only deduct 3K of those losses as capped by tax laws. I trade as a stupid individual who didn't declare M2M earlier in the year. I retained a CPA in November and have yet to go into detail over the numbers and setting up an entity and m2m