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ummm...no. Taxes' been coming off properly from paystubs. It's the equity gains that threw me for the loop. Didn't know how to acct for 'estimated tax' when I wasn't even certain that the gains were 'for keeps'. Really, how would one make estimated tax payments for the year? Do you...

I ran my numbers through Turbo Tax, as it stands I will owe them $20K for federal. Since I have w-2s from other jobs and have only started trading in Aug, I don't feel comfortable or qualify to claim Trader Status, and I haven't much to deduct under it. Should I: 1) pay $200 and use my...

I ran my numbers through Turbo Tax, as it stands I will owe them $20K for federal. Since I have w-2s from other jobs and have only started trading in Aug, I don't feel comfortable or qualify to claim Trader Status, and I haven't much to deduct under it. Should I: 1) pay $200 and use my...

datacruncher: I don't know how to elaborate on the m2m status withdrawal from ira. I only understand that 'one day' the ira can decide you're not qualify and not give you back the benefits associated with m2m. Perhaps others can tell you more. allenhobbs: this year I won't be going for...

I'm not strictly opposed to extention, it's just that I am unfamiliar with it and prefer to wrap up 2007 before 15 Apr so I can feel I could move forward on a clean slate...with finalization. Surdo, I'll be picking up a copy of TT tomorrow, will download it and see what sense I could make of...

Thanks Surdo!! I appreciate your help with TurboTax, however, does it get complicated when I reside in NJ and have W2 jobs in NYC?

Getting desperate to find an CPA in NYC to file my taxes for 2007, don't want to do an extention. Green traders Tax will only do an extention at this point in time and charges $900-$1200 (imo too expensive) for a basic filing. Willing to file on my own if I know where to start and which forms...

Purposes: wireless daytrading OUTDOORS and lighter than 4 lbs. to carry around everyday throughout the day. Choosing between: hp 2510p, (only vista, no XP Pro, 4200rpm) dell d430 (no optical) dell xps m1330 (only vista) ibm x61 (no optical) toshiba protege r500-s500 2x sony vaio...

can anyone recommend a CPA in NYC? thanks

oldtrader, it is the blackberry 8830 which you have that is a global phone. Using one phone number you can make and receive calls from anywhere in the world. Pay $45, you'll get unlimited email & internet access in the US, pay $65 and get in worldwide. Thanks for your suggestion, don't know...

lindq, thanks for your info. I know I need to verify with an accountant with this, but just curious: if I only started up with trading again this Aug and transacted roughly 10 trades per week, (every week), at 1000-share-lots with high-prices, such as goog, meanwhile, maintaining a w2 job, do...

just looked at last year's filing... although the numbers n jibb don't make much sense to me, did notice 1040, schedule: a, b, and d. the cpa didn't deduct anything for office rent, software, data, margin interests, etc... think I gotta find a new accountant.

bob111, I read your link to the irs. Question: when they say business, they are referring to an entity, right? Meaning, filing as a 'trader' like what lindq said, isn't the same. cache, did you find the entity spreadsheet? Tell me more about your LLC. Was told I needed 2-people to form...

Folks, thank you for all your responses. I'm a bit distraught from today's market. Will have to reread all your posts at another time to properly comment on them. Thanks 'gain.

Looking for a mobile device to trade stocks and options in which I can use outside of the house, and at times, outside of USA. Verizon works great in NYC, but how does their reception fare with other providers, specifically in: NY, CT, OR, NV, CA, Canada, Holland and Australia? In other...

thanks mwerbe. I will post more specifically on another thread: PDA

I recently got back into trading this August and was not prepared for dealing with capital-gain tax issues. (Previous years' gains went to cover previous years' losses. This is year#1 making Actual gains.) I rang IRS to inquire if I needed to make an 'estimated tax payment' on my gains. She...

1) Stay with TerraNova or start new with IB? TN's commission is pricey: $9.95 for first 2,500 shares, thereafter .005/sh. However, they don't auto liquidate your positions on overnights, and they allow you to hold it for a few days. They have ocassional glitches and screen freezes at times...