Is IRS trader status permanent?

Discussion in 'Taxes and Accounting' started by JPB, Apr 9, 2017.

  1. sprstpd

    sprstpd

    I did read your link.

    However, it does not apply to trading:

    https://www.irs.gov/taxtopics/tc429.html

    If the income is not subject to self-employment tax, then it is unearned income.
     
    #21     Apr 12, 2017
  2. Is TTS another IRS red flag and your audit risk increases big time with it?
     
    #22     Aug 29, 2017