Hi all,
Newbie to the forum. I daytrade to supplement my income, just 100 or $200 a week.
I usually make 1 cycle trade every other day to avoid to be designated as Pattern Day Trader.
I am changing my strategy to trade more, scalping.
If I get designated as PDT ,4 (same day cycles) trades in 5 days.
When I file Tax, do I have to design MY JOB as Pattern Day Trader?
Currently, I am disabled and file my tax as Investment Income, I want to keep it that way.
Would my Tax Document from Scottrade show that I am a PDT?
Thanks Kindly for reply,
Noform
Newbie to the forum. I daytrade to supplement my income, just 100 or $200 a week.
I usually make 1 cycle trade every other day to avoid to be designated as Pattern Day Trader.
I am changing my strategy to trade more, scalping.
If I get designated as PDT ,4 (same day cycles) trades in 5 days.
When I file Tax, do I have to design MY JOB as Pattern Day Trader?
Currently, I am disabled and file my tax as Investment Income, I want to keep it that way.
Would my Tax Document from Scottrade show that I am a PDT?
Thanks Kindly for reply,
Noform