I plan to file my 2003 return with "trader status", though only as a sole proprietor (i.e., I'm not making enough to justify a LLC). Now, I read the March & April 2003 articles by Robert Green in Active Trader magazine, which discuss at length the filing approach of a sole proprietor. I have three questions: 1) Where on the 1040 do I claim "trader status"? 2) If after every trading day I get together with my trading friends for lunch to talk about the day's trades and to refine our strategies, is the meal and car mileage considered allowable deductions? This could potentially total upwards of $5k for the year (obviously subject to the 50% rule). 3) Green noted that in a sole proprietorship, all trading expenses would be reported on the Schedule C and all trading profits would be reported on the Schedule D, but he then says to "transfer whatever you can from Schedule D ... to Schedule C to cover all your Schedule C expenses, plus your allowable home-office expenses and allowable Section 179 depreciation expenses." He also says "it is important to attach a footnote to your tax return to explain what you have done and why...It is permissible to combine these schedules for tax purposes." My question is this -- I don't see any specific lines on Schedules C or D that permit a transfer of gains from one to the other, so how would I show this? (if you can provide specific lines on the forms, that would be very helpful.) Unfortunately, I'm not making oodles of dough just yet, so I'm still filing myself (i.e., I can't hire a CPA with trader status expertise). So, any free advice would be greatly appreciated.