Tax and Pattern Day Trade designation

Discussion in 'Taxes and Accounting' started by noformstyle, Jul 9, 2009.

  1. Hi all,

    Newbie to the forum. I daytrade to supplement my income, just 100 or $200 a week.

    I usually make 1 cycle trade every other day to avoid to be designated as Pattern Day Trader.

    I am changing my strategy to trade more, scalping.
    If I get designated as PDT ,4 (same day cycles) trades in 5 days.

    When I file Tax, do I have to design MY JOB as Pattern Day Trader?
    Currently, I am disabled and file my tax as Investment Income, I want to keep it that way.

    Would my Tax Document from Scottrade show that I am a PDT?

    Thanks Kindly for reply,