Income Threshhold to Be Considered a Professional Trader for Tax Purposes?

Discussion in 'Index Futures' started by kenser, Aug 6, 2007.

  1. kenser

    kenser

    Is there a income threshold for trading the emini indexes that bumps a person into the dealer or professional trader status which requires payment of social security taxes? This question is for income only. I understand your automatically considered a dealer, no matter the income, if you purchase or lease a seat on an exchange.
     
  2. kenser

    kenser

    Anyone have an answer for the posted question?
     
  3. nkhoi

    nkhoi Moderator

    no.
     
  4. According to what I read from Robert Green no income level, you just need to do three trades a day to be considered a business.