Shadetree - wrong you are you are. I never got audited in an era when tons of traders got put out of business by the IRS trying to save a few measly dollars. My tax guy was a former IRS auditor and told me what they would be looking for - like daily records accounting for every hour of my day during the year. Like I said - that was before the Safe Harbor which loosened up the trader status. To think you know more than my CPA/former IRS auditor is laughable.