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Claim and Defend Your Trader Status.
Filed under: — site admin @ 1:48 pm on 9/10/2004 .
Claim and Defend Your Trader Status. - Just because you call yourself a securities trader doesn’t make you one in the eyes of the Internal Revenue Service. In fact, Uncle Sam is predisposed to consider you merely an investor, and thus deny you more favorable tax status, unless you meet a number of tests that are frustratingly open to interpretation.
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