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Alias Born 06/29/2001

Re: LexTrader post# 15865

Monday, 12/08/2003 9:24:59 PM

Monday, December 08, 2003 9:24:59 PM

Post# of 396429
Regarding the trader status....Only the expenses are filed on the Schedule C (thus a loss) and there would be No SS or Medicare taxes due. All of the Buys and Sells (and hopefully net gains) are recorded on the Schedule D.

Hope this helps answer your question on the tax savings with Trader Status....

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