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Re: John Bates post# 127642

Sunday, 08/29/2010 9:04:31 PM

Sunday, August 29, 2010 9:04:31 PM

Post# of 173972
Niles_crame3, the new IRS rules make trading within an IRA much more preferable than trading with a normal trading account.

Trading in a regular account carries much more potential for small reporting errors that may result in an audit. Typically when I do taxes, there are a few basis computations that I'm not totally sure about, but I hadn't worried about too much since only sales were reported anyway. Reporting purchases and sales to IRS creates much more potential for red flags on minor computations.

Doo Your Own Doo Diligence.

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