joshuabarksatlcs
Level 10

@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.