There is no simple answer to that question. Here's the relevant text from IRS Publication 550: Self-employment tax. Gains and losses from...
Dude... if you don't understand the difference between a broker and an exchange, then you really don't understand how the markets work. You seem...
On the surface, they appear to be a legitimate company based in California... By legitimate, I mean that they appear to be a properly organized...
The conditions you have listed are a set of guidelines. They may flow from case law, i.e., disputed audit cases where the federal courts had to...
My experience in the last six months or so trying to call Schwab has been very poor. Long hold times, and on one call I was unable to choose an...
When I place an order at Schwab to buy or sell bonds, the order entry screen shows me the total price, with a breakdown. It shows what portion is...
The amount of accrued interest should remain constant throughout the day. It is determined by a straightforward calculation that is based on the...
@Sig What I recommended is that the taxpayer should identify how much of the sales proceeds are accrued interest, and break out that portion and...
Okay, so I read your original post again, and I see that you are using Form 4797 instead of Form 8949. That's okay, and it does not change my...
I am a professional tax advisor. But I am semi-retired, and trading and bonds are not my area of expertise. But I understand what you did, and I...
I think I can help you solve this, but I need to make sure I understand the facts. You sold T-Bills at a discount before maturity. Part of the...
Are you talking about accrued interest that is built into the proceeds of the sale, or interest payments that you received before the sale?...
I don't think there's any logic to it. It's a fantasy associated with the idea that the US Treasury "never should have gone off the gold...
Cryptocurrency futures could be cash settled, like S&P futures, or they could be settled with delivery of the cryptocurrency. No, you are not...
I'm not sure you are using these terms in the way they are commonly understood... A bear call spread is when you sell the 45 call and buy the 50...
We are thinking about moving our account to Fidelity. We do position/swing trading in equity and index options. We are US citizens. Would like...
If you can find a US resident who is willing to be a member of the LLC, with a very small ownership percentage, and minimal compensation, then you...
@traderjo I'm not "true believer" in crypto, and I'm not trying to "convert" you or anyone else LOL. I don't trade crypto. I don't own it. I...
If you are trying to say that this is how the system should work, then I suppose that is a reasonable opinion. But this is not how the system...
In some cases, there may be a domino effect or chain reaction, in which each bank that is involved can recover the money by getting it back from...
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