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When the local Dodge dealer is selling 4x4 Durangos which have a MSRP of 32-34K for 23-24K after incentives, that tells me the economy is strong........ yeah right!!!!!!

Are you sure futures profits are treated as ordinary income. It flows through Sch "D" after the 60/40 split. MTM profits are definitely treated as ordinary income. Later, Cracked

Cool, just wanted your viewpoint on the subject.... Funny thing that there has been the destruction of quite a bit of wealth in retirement accounts in the past few years. I wonder whom my mother can litigate against for buzzsawing her IRA in half....... :mad: Thanks Cracked

Why would they be in trouble with regulators. You aren't shorting or buying anything on margin when trading futures. Lawyers would go after their own mothers if they thought they could score a buck........ :D Later, Cracked

No. You are limited to a total cumulative deposit of $3,000 into IRA accounts. You may have 100 IRA accounts, however, currently you can't deposit more than $3,000 into them during any tax year. You could deposit $30 into each of your 100 accounts or $3,000 into one of the 100 accounts...

Ah, nixing one more benefit of online shopping.

Just bumping.....

If you have a w-2 job which you are at during market hours, you may have a difficult time with trader status. If the w-2 job is after the market closes then you are able to devote your time and energy solely on the market during trading hours. Later, Cracked

Def, The gross proceeds was the exact problem with prior 1099's. That number on the 1099 wasn't the amount that is credited to the account after a trade. Thus if you traded 500 shares every time, you'd have to make an adjustment of $5 to the 1099 amount for every trade. The 1099 totals...

The Cabinet is filled with cronies from the first Bush persidency. IMO, this is more about family honor and the fact that Saddam wanted to kill his daddy and oil than it is about fighting terrorism and weapons. Last time Saddam invaded Kuwait. This time, other than the weapons issues...

Think of all the free stuff you'd get from the local stores...... Could you see security trying to figure out which Winona to arrest as they all flee the store :D

I've got a brand new computer for sale. A friend paid for it with a rubber check and now doesn't want it. AMD XP1900+ Asus A7v266c 512 mb Kingston Memory 40GB IBM 7200 HD ATI xpert 2000 pro 32MB 52x Sony cd rom 3Com nic 1.44 Floppy Turbo B2K 350 watt case, has additional fan in door...

I would NEVER buy anything of substance from E-Bay without using the ebay payments to protect myself from a scam artist. Let see..... send a personal/cashiers check or a money order to Romania for a monitor with no recourse if it falls through and is a scam. NO THANK YOU!!!!!!

Fleance, I bet they are doing that to take advantage of the E-bay payments to pay for the transaction. 1) Pay one dollar for the item, ebay's cut is small. 35 cents 2) Charge the balance due in a non-refundable shipping charge. This way they can use a credit card to pay for the item...

Yes the idiots that I've observed basically go on every day and bump the phony bid by $10-15. Unsuspecting souls using the e-bay max bid service get toasted for more than they should pay. Later, Cracked

momento, I thought the bids amounts weren't visible to the seller until the auction ended. I've seen some people selling snowboards doing things similar to this during the auctions to get the products to the "reserve price". They just have people enter a bid, if the phony bid wins they...

Faster, This is the one I use http://www.auctionstealer.com/home.cfm I use the free service and it limits you on the number of auctions you can bid on. I've never used my full allotment of points. It snipes at 10 sec. The pay services go to 2 or 3 seconds. What I do is watch the...

There is free sniping software avaiable on the web that doesn't require you to even watch the auction at the last minute. I have used it and won a few auctions. Set your high bid and let the software do the rest, sending your bid in the last 10 seconds or less. Later, Cracked

Carl, You're correct in your statement. If you are profitable as a futures trader it is bad from a tax standpoint to claim MTM due to the loss of the 60/40 gap gains treatment. If you've sustained significant losses, then it may be smart to do so, as it can offset ordinary income from...

My understanding is that es & nq futures are not subject to wash sales....... My interpretation of Code Sec. 1256(b)..... Generally, the positions are considered sold on the last day of the year (settlement price) for reporting purposes because the exchange uses MTM, regardless of the...