As I live in CA, I trade from 6:30am to 1:00pm PST, and then go to part-time work from 2:00pm to 6:00pm. For the first time in 2007, I am planning to declare my trading as business. It occurred to me that I might be less subject to tax auditing if I treat my part-time work as independent contractor, rather than a part-time work. Any input appreciated !
yxy, I have successfully used the following guy for tax matters way more serious than what you describe. He is very good and very reasonable - in my opinion. If you wish to contact him, the details are below. Rob Robinson DiMaggio & Robinson, Ltd. 216 West Jackson, Suite 330 Chicago, Il 60606 312-646-1074 312-212-5593
Morton, Thanks for your info ! I had a very unpleasant experience with my CPA service, so I need a new CPA. I will check it out. Yuki