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View Poll Results: Which is the more amazing feat? | |||
Sandberg's erroless streak | 9 | 27.27% | |
Boggs drinking 64 beers | 24 | 72.73% | |
Voters: 33. You may not vote on this poll |
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Thread Tools | Display Modes |
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#1
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Quick Tax poll (not whether or not you\'re paying)
How are you reporting?
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#2
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Re: Quick Tax poll (not whether or not you\'re paying)
Option #2 screws me less, and I think I can make a pretty good case that it counts as a single session.
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#3
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Re: Quick Tax poll (not whether or not you\'re paying)
neither - UK player so no tax..
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#4
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Re: Quick Tax poll (not whether or not you\'re paying)
I think #2 would have to be appropriate. Reporting on a session by session basis would be really cumbersome and unrealistic (I'm sure day traders don't report income every time they sell a stock at profit).
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#5
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Re: Quick Tax poll (not whether or not you\'re paying)
please explain to a stupid person why it even matters...isn't your net at the end of the year the same?
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#6
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Re: Quick Tax poll (not whether or not you\'re paying)
you add up wins as income and deduct losses as expenses so if your net income is 100k you end up getting put in a 300k bracket for example. if you claimed every session as each table sitting and won 100k for the year, youd probably end up in a millionaire bracket.
btw im filing by 24 hour period. |
#7
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Re: Quick Tax poll (not whether or not you\'re paying)
[ QUOTE ]
please explain to a stupid person why it even matters...isn't your net at the end of the year the same? [/ QUOTE ] due to phaseout of itemized deductions at higher adjusted gross income and also the alternative minimum tax. |
#8
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Re: Quick Tax poll (not whether or not you\'re paying)
[ QUOTE ]
I think #2 would have to be appropriate. Reporting on a session by session basis would be really cumbersome and unrealistic (I'm sure day traders don't report income every time they sell a stock at profit). [/ QUOTE ] yes, they do |
#9
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Re: Quick Tax poll (not whether or not you\'re paying)
well,
I used to be a day trader, and yes, it is by EVERY stock buy and sell, sometimes that means 20 transactions in a single day. |
#10
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Re: Quick Tax poll (not whether or not you\'re paying)
[ QUOTE ]
I think #2 would have to be appropriate. Reporting on a session by session basis would be really cumbersome and unrealistic (I'm sure day traders don't report income every time they sell a stock at profit). [/ QUOTE ] Actually they do |
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