Thread: Tax Question
View Single Post
  #7  
Old 12-04-2003, 09:08 PM
RocketManJames RocketManJames is offline
Senior Member
 
Join Date: Nov 2002
Posts: 118
Default Re: NEW QUESTION FOR ASHE

Since you're an accountant, I'll ask. How does one know if he qualifies as a trader... so that he can ignore all the wash-sale rules?

I currently do NOT trade for a living, but in a 'fun' portfolio of mine, i trade quite a bit. The 'fun' portfolio is sizeable, and I am currently denoted as a PDT in the account.

Any help in this area? This is my first year taking a stab at trading for short-term income.

-RMJ
Reply With Quote