I found my answer. Regular quarterly CASH dividends under 10% of FMV as well as CASH dividends that are less than $12.50 - are generally ignored....
When are dividends ignored as far as call option are concerned? I understand that the holder of a call option normally takes the hit on a...
Some good thoughts. But to clarify some issues: >>MTM election can be made for equity AND/OR Section 1256. It is not a one-size fits all...
If you seek trader status, then the expenses would be above the line rather than itemized deductions. Unless you do not have any expenses to...
No, not at all. I'll repeat: "Depending on the type of income that is being is reported on that K-1, then that income might be required to be...
You will note that the K-1 from the prop firm has several lines, each one for a different type of income (or loss or expense). Depending on...
Great posts, but just as a head's up - K-1, line 11F does not necessarily go on Sch E. Many items go on line 11F, including security trader...
The rule being discussed here. That is the rule for the requirement to file an income tax return with the IRS. There has been no discussion...
Absolutely, you have understood the IRS rule correctly! (of course the taxpayer needs to add up all of his 1099-B amounts, along with all other...
For a USA citizen / resident, it does not include capital gains or losses. Rather it includes gross sales proceeds. So if total sales for the...
What they mean is that (depending on the legal structure of your relationship with the prop shop) WORST CASE: Self-employment tax 15.3% Federal...
Oh puleeze, Ted Tesser had several manusctrips and books published while green was still sucking hind teat.
Don't listen to the nah-sayers. $5,000 a month is more than enough to live off of. Anyone who can't feed a spouse and the kids on that kind of...
And as I said. Maybe a lunch where he picks up the tab. Maybe if there were a several referrals of that size, a few thousand shares of a Hot IPO...
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