Search results

Suppose you are a fortunate futures trader and you have no losses on a yearly basis. Is there any reason to elect mark-to-market on commodities trading?

Trader status does not prohibit you from taking 60/40 tax benefits of futures. Only if you declare mark-to-market for commodities trading will you deny yourself the 60/40 tax benefit. I am not sure why anyone would want to do this. Is there a good reason that I am missing?

This is another question. Suppose you have a trading business and you have a separate IRA that you essentially use the same strategies in. However, in the IRA you are restricted by cash account restrictions so you can't go short and you can't use money again til it settles. So in effect, the...

http://www.fool.com/taxes/2004/taxes040924.htm This is one of the few articles I can really understand all the terminology. It seems to imply that what I am talking about is not UBI. However, the question is, if I have a trading business (sole proprietor), does that somehow make my...

I am looking at the instructions for IRS tax form 990-T. Now suppose I am an individual trader with a self proprietor trading business. And then I also trade actively in my Roth IRA. Am I considered a "domestic organization"? Where is the term "domestic organization" defined?

Yes, I have seen people say this several times and nobody has backed it up with evidence to my liking. Good luck in getting answers to your question.

So somehow you are trying to spin OSTK's crap of a day as a positive? Percentagewise OSTK was pretty much stinkmaster of today's market. You are grasping.

Yes!

We'll see today. You seem way too optimistic on this matter for your own good.

I don't accept the premise... However, please Byrne, take Overstock private! Not only will that leave Byrne with a soon to be worthless (or is it already worthless?) company, but then maybe you won't post anymore on this topic.

I read this too. It does raise an important question, but it is not answered anywhere as far as I can tell. It does not say with certainty that the IRS would consider it to be subject to UBTI, or am I misreading it?

What if you are trading in a margin account as a trading business, but you are also trading in an IRA in a similar fashion but not exactly the same given the restrictions on cash accounts (T+3 settlement, no shorting, etc.)? Where are these IRS clarifications? Any links?

Are there any links for this IRS ruling? I have searched and never been able to find anything concrete about this.

Why would this be a problem? A few people on ET have said the same thing but I haven't found any concrete evidence on this. A few other people have said that there are no rules on overtrading your IRA. It would be nice to know the facts on this. I certainly overtrade my Roth IRA...

1. Long-term capital gains 2. Dividends for long term positions 3. Trade futures (60/40 long/short term split) Are there anymore legal ways to reduce taxes?

and http://www.fairmark.com/traders/

http://www.greencompany.com/EducationCenter/GTTResources.shtml

Regular market hours or pre/post-market?

I run my business as sole proprietor so there is no business name or organizational name that exists. It is just me. Now if you run your business as a business entity (sub s, LLC, LLP), then you may be a professional using Quote.com's definition.

From IB's website: So I can make a living trading and still not be a professional according to the above definition.