joshuabarksatlc s
Level 10
04-29-2022
07:44 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
@msindc1 You may also want to visit the angle of the Active Trader classification.
If your client qualified for the active trader status, all of his/her losses from trading become active, ordinary losses for tax purposes. This avoids the applicability of the $3000 capital loss deduction. Bear in mind there are applicable regulations and compliance implications.
I come here for kudos and IRonMaN's jokes.