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Pot-Kettle! We got Obamacare ONLY because the Dems cheated their asses off to get Al Franken his Minnesota seat in Congress. The Dems lost to Trump in '16... Thought they had "cheated enough to win", but were wrong. You can bet your last shekel that the Dem's will have their cheat-machine in...

Shouldn't be a surprise. Nikola is the world's largest truck maker... and hasn't sold even ONE Truck yet. (Won't until 2021)

Correct... entirely different and removed from each other.

Not exactly. You get to "maintain" status if you do enough of "qualifying business"/trading activity" to maintain. Personally, I think qualifying for Trader Status is much like the circle jerk of accounting for wash sales. Minimal financial benefit for waaayyy more hassle than it's worth, in...

I can see it now. Greenspan, Bernanke and Yellen.... drinking in a bar and celebrating, "Powell gets to take the blame for all of what we did"!!

The IRS has guidelines about "continuing to quailfy,maintain" your trader status... don't know how or whether they bother to follow up. The regs specify "continuing to quality"... not "once granted, it's a one-and-done".

I don't know whether you have a point on this or not. Interest payments are also reported EOY on 1099, yet IRS "presumes" you know about the interest income in real-time and are required to make estimated tax payments in a "timely fashion"... ie, quarterly. Years ago I ran a financial planning...

There are requirements to qualify and ongoing requirements to maintain "trader status"... and you can't claim such status retroactively.... Logically, most who ask this question have yet to qualified as such, or they would already know. If that's the case, then their taxes get no special...

Sounds like your explanation is for those who qualify for and maintain "trader status". We don't know that from OP. And speaking of "mofo"... you qualify for your unqualified presumption!!

I didn't know there is a special exemption for 1256. (You sure about what you said?) As a general rule, the IRS wants tax estimates to be made as the gains are made... your posit is contrary to that.

Not exactly... been through this myself several times. Background.... When I ran my mutual fund timing business, I always seemed to have my best results in the 4th quarter. However, the IRS "presumes" your total gains for the year were earned "evenly" throughout the year and quarterly...

"Better than expected"... Wall Street's biggest (?) manipulation? Say... Last year's earnings were $2/share. This year, consensus estimates are $1.50 (intentionally lowballed?). Then... when earnings are reported as "1.60/sh", market pops from celebration of "beating (lowered) estimates"...

Market likely to JUMP... "Jobs coming back... economy recovering... WHOO-HOO". Likely won't mean as much as hoped. (Won't prevent market from "over-celebrating", however.)

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I could be talking through my hat here, as I don't have to deal with this... but it could be the broker is adjusting your liquidity because of it's revising margin requirement due to volatility.

So long as there's a buck in it for somebody! :)

Imagine... they haven't sold even ONE truck (won't until 2021) and they are now the THE WORLD'S BIGGEST truck maker! America. What a country! :)

Yes. "Divide and Conquer".... DemoCrap style! :(

"...Rabo: "Insolvent US Companies Should Take The Fed's New Bailout Loans And Just Buy The S&P..." Trump and Kudlow like this. None of the rest of us should. https://www.zerohedge.com/markets/rabo-insolvent-us-companies-should-take-feds-new-bailout-loans-and-just-buy-sp :(

Is that the stimulus package that was supposed to put some unemployeds back to work with "shovel-ready jobs"... but instead ended up going to unions to shore-up their pensions??