Quick Question.. Thanks in advance I trade Futures every day, all day long and I trade Futures only. The question is, Do I need to or should I apply for 'Trader Status' by April 15. ? Is 'Trader status' for stock traders only? If you have some resource, where I can search this out, and are willing to pass that on. This would be a beautiful thing. Thanks Much
You should qualify, especially is your holding period is intraday. http://www.fairmark.com/traders/intro.htm Read all 11 pages Also google http://www.google.com/search?hl=en&rls=com.microsoft:en-us&q=trader+tax+status