tax help

Discussion in 'Taxes and Accounting' started by cjagresta, Sep 22, 2008.

  1. cjagresta


    I am now trading full time for a living and have been debating the LLC and trader status for a while now. If short term cap gaines remain where they are is it not beneficial, not to mention a lot less aggravation with the IRS to just claim simple cap gaines at years end? Also, what about filing trader status with the IRS to exempt yourself from wash sales. Anyone with experience on that.