Its laughable to say that only 1-2 out of 100 or 1-2 out of 20,000 traders can make money in the long run. Dollar cost average long into the...
I think the answer to this question is that all income or loss on the K-1 should be recorded in Box one as Ordinary business income (loss) and NOT...
TurboTax asked me if did I materially participate in the business in 2006. Here is there explaination of Material Participation....
Also - when I'm a partner at a prop firm, am I considered to be an active or passive partner? Because different rules seem to apply. I was...
Well I've decided to fill out the tax form myself using TurboTax. My question is this I have two K-1s from 2005. But of them record a loss....
I have an extention till October 15th to file my 2006 return. 2006 was a losing year for me as was 2005. In both years I traded stocks at a prop...
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