Tom and company, you may want to read Day Trading on the Edge by Leslie N. Masonson. Chapter 11 Keeping your trading profits out of the Government coffers by Ted Tesser, CPA President of Waterside Financial Services is the most interesting part. It talks about starting your own business. The business of trading He also talks about VEBA's Voluntary Employee Benefit Association. Once you have it set up you can deduct much more than you normal can on your taxes. The only requirement for the trader classification is you have substantial trades, but congress did not put any numbers on it. He does have a web page where you can input data into a form and he will get back to you and let you know if he thinks you qualify. Sorry I forgot to bookmark it. He has also written several tax books also. For the larger Aimers It may be worth your time to see if you qualify
Come see me at Systematic Investing group #board-966 lets talk formula plans.
