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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

So you formed an Entity? which one did you go with? on your own or through the CPA? Has anyone used Greentradertax.com for their CPA service? wondered if they are any good. I need to form something this year . did 165K in gains but yielded $55K in losses. so I'm stuck paying taxes on...

I'd have to vote this guys setup the best I have seen. neat and full of views. great job by RatioTrader. Obviously alot of money in this setup. I also like the overhead pot lights, wish I had those..in my next home. I also read in these posts there is a program called synergy. you can take...

great topic as My wife is somewhat embarrased to say what I do and doesn't want to raise peopls suspicions/or the "oh, trader what does that mean" IF only she knew how much I brought in this year so far :o) Post above, he hit the nail on the head, short and with some answers. I like...

I disagree with that. I make 150K + daytrading and I will say this, I spend alot, thus adding to the economy. I pay for my kids stuff, dinners, lots of property tax. Now If I didn't daytrade I would be teaching elementary kids making 50K/year and not taking 3 vacation a year or spending 2...

no , not scared shitless. I'm ewxpecting some tax hit of course, Just was not aware of the 1/4 payments, always thought you could just mail uncle sam a check whenever. I'm meeting in one week with CPA.

I'll look through that before meeting. HEy, Howin the hell do you find an accountant specializing in traders? THe one I called was referred by my parents financial advisor (whom I have faith in and knows I trade). Not like you open the phone book and look up accountant and see TRADERS...

Yes I have 2 children, 4 and 2. Iwanted to start a Roth IRA for the 4 year old, but I guess I need to wait a few years when she can TECHINALLY be paid for jobs. I'll ask about the kids education investment. Don't want another property, yet. Wife is a PT, but not many writeoffs...