Collecting unemployment and trading?

T

traderx43

Currently collecting unemployment from a company I use to work for. I am looking to start trading again and will be a K1 tax status. Does anyone know if I am able to trade and still collect unemployment? If I make a certain amount will the unemployment stop? How does this work trading as an independent contractor K1?

Thanks!
 
Yes you can collect unemployment and trade.

Have been doing it for 2 years now, ;).

Love Obama for extending the benefits, keep it up buddy!
 
Yeah, im in NYC so it has worked for me...no one said anything, been doin my taxes... etc. Its a commission job so its different.. i think.
 
I'd recommend going to justanswer.com (no im not affiliated with them) and asking one of their tax/legal professionals. You pay a small fee for the answer, but only if you feel the answer is sufficient... Otherwise you don't have to pay at all.
 
I have done this for decades while working as an IT contractor...
It was great, and often I made more money trading than contracting (I have to add that often I kept on trading while earning daily per-diems from contracting gigs), I would not advise you to do the same under the current climate and economy. I knew I was going to get a new gig during the 80's, 90' and 00's
Now it is quite different!
 
Me and my friend have been trading for 2 years, collecting unemployment, .... fuck it. Unless your making like 100k a year trading , and you still wana milk the Gov't for additional $$...then I wouldnt worry about it.
 
Some say the endless 'buy the dip' threads are a great indicator of impending crash, well this thread has got to be a sign of impending collapse of this country

Get off the teet you leechfucks
 
Quote from neveral0ne:

Me and my friend have been trading for 2 years, collecting unemployment, .... fuck it. Unless your making like 100k a year trading , and you still wana milk the Gov't for additional $$...then I wouldnt worry about it.
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When it comes to maneuvering around the IRS, the "fuck it" attitude is rarely a good idea. Just saying.
 
Quote from Jander:

Some say the endless 'buy the dip' threads are a great indicator of impending crash, well this thread has got to be a sign of impending collapse of this country

Get off the teet you leechfucks
More...

It used to be just crack heads collected unemployment now there is no shame, obama extends it like its pity money!
 
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