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Unearned income includes investment or portfolio income (interest, dividends, most capital gains, and annuities), royalties, rents, and passive activity income, as well as gains from the sale of property not used in an active business. 1256 gains are capital gains. So if you have an...

Medicare Part B (Doctor) and D (Prescription) premiums paid by all participants are already means tested. Most people have no idea that this has been happening for the last two or three years. Somehow neither the Democrat nor the Republican politicians seem to remember they changed the law...

I believe both MD and VA are Triple A rated. Don't believe PA is. I assume there is a place you can look this up. I'm not an ETF guy, I just live in MD. Jack

1245: All the options exchanges pay for order flow. However in IB's case you can direct your order to whatever exchange you wish. See https://www.interactivebrokers.com/en/p.php?f=smartRouting&ib_entity=llc You can get the rebate (order flow payment). A directed order will cost more in IB...

Selena: You will not see any immediate effect on the TWS. IBController looks for the warning message that pops up about 5 minutes before the logoff time that you set in TWS. When it sees that message box it resets the time to a time prior to the logoff, so that TWS does not log off. So...

Selena: Look in the IBController.ini file. Jack

Trading Time: Close. Applying the law at 40/60: $500,000 x .4 = $200,000 $500,000 x .6 = $300,000 Assuming 35% bracket for total income $200,000 x .35 = $70,000 $300,000 x .15 = $45,000 Total tax = $115,000 (Does not allow for any deductions, etc) The more you make the...

If you are trading futures then there is a 40/60 split. You pay regular income tax (depends on your bracket) on 40% of your profit and long-term capital gains (currently 15%) on the other 60%. Unless they change the law, the 15% capital gains rate will expire at the end of this tax year and...

Froglet: THIS IS A GUESS at what you would see - A guess. The new rules require that your broker report both sides of any trade that you made with them in 2011 and 2012. So if you had an open stock or option position at the end of 2011 that you initiated in 2011, then Broker A will have...

Multicharts is now beta testing a .Net version. See http://www.multicharts.com/traders-blog/?p=609 Jack

Froglet: As you are probably aware, the transaction reporting process imposed on the brokerage firms changed last year and new changes are being made both this year and next. Simplified, the changes require that the brokers report both sides of our transactions to the IRS, rather than just the...

Jan C: According to this TD Ameritrade page http://files.shareholder.com/downloads/AMTD/1883088914x0x551047/EBDA74CD-94E6-4459-AA3E-BB22DE85CAE6/Monthly_Metrics_-_Apr_FY12.pdf , TD had 5,703,000 accounts as of the end of the March 2012 Quarter. TD customers totaled an average daily number of...

PistolPt: Set up the Paper Trading account. (Account Management\Trading Access\Paper Trading) Use it first. It works almost identically to the regular account (if you set it up as an advisor F&F) so you can see what happens. The main difference is that the order execution is not real and is...

Install both. They can co-exist on the same machine. The installer will put them in separate directories. If you customize them, and I expect you will, just ensure that you do it in both versions or you may end up not being able to do something in one version and not the other. Then log-in...

Andy: Browser in a misnomer. Both are loaded on your machine. However, whenever you start the "browser-based" version it checks to see if there is a revised/updated/fixed version of the the one you have. If so, it is downloaded and then the TWS opens. If you search here at ET...

If you say so. To me there is a difference, but that's what makes markets. Jack

LogicMan: I know relatively little about advanced statistics and the science of modeling. However, I have worked with Neuroshell for a number of years ( a neural networking program for the market). I have found that range limited items work better for longer modeling periods. If I look at...

Michael: There is no general rule. Many settlement prices are based on "pit" trading hours. Pit trading hours often do not match "screen" trading hours. Different data vendors (or charting platforms) handle end-of-day/settlement differently. Some ignore settlement times altogether...

Nkhoi: This is from the IRS web site. It tells how to unelect mark-to-market. If you have made a valid election under section 475(f), the only way to stop using mark-to-market accounting for securities is to request and receive written permission from the Service to revoke the election...

I thought the futures exchanges made most of their money on volume, not data fees. The ICE invested a lot of time and expense to move the Russell from the CME to the ICE. Perhaps someone at the ICE figured they'd generate more volume by forcing trades to preclude data fees. I guess a lot...