Is Your Client an INVESTOR? a TRADER? or a MARK-TO-MARKET TRADER? ~ by Nancy E Goedecke, EA ~ The Internet has spawned a new breed of investors who use their computers to execute stock trades on a daily basis. Suddenly everyone and their cousin is either an online day trader or thinking about becoming […]
Tag Archives: Stock market
Today TaxMama hears from DD in the TaxQuips Forum, who’s bewildered. “His wife’s aunt gave her a municipal bond, which was just called. They were paid face value for the bond. But how do they figure out the basis?”
Today TaxMama hears from Brent in the TaxQuips Forum, with an exciting opportunity. “I have been approached by a friend I trust (personally, not on the fine points of tax law) about investing in a pre-IPO stock of a foreign company that will be listed on a US exchange. Two problems. First, I would invest […]
For Investors, Reporting Gains and Losses Gets Easier Starting in 2011 WASHINGTON — The Internal Revenue Service today issued final regulations under a law change that will require reporting of basis and other information by stock brokers and mutual fund companies for most stock purchased in 2011 and all stock purchased in 2012 and later […]
Today TaxMama hears from Kay in New Jersey, who has done some thinking. “I am an investor in the stock market. How can I avoid a wash sale? For example I own 100 shares of stock A and want to sell it to help offset my capital gains for 2009. However I do not want […]
Today TaxMama hears from Richard in Oklahoma with this issue. “I sold some shares in a stock in January.buy xifaxan online https://www.conci.com/wp-content/languages/new/xifaxan.html no prescription Now I wish to change the lot designation of the shares sold, selecting shares (of the same stock) with a different cost basis and original purchase date.buy propecia online https://www.conci.com/wp-content/languages/new/propecia.html no […]
Today TaxMama hears from Marty in Colorado, with this question. “Assuming I have a sole proprietorship whereby some of the business is trading stocks (such as day trading), can I properly deduct the cost of software that assists me in doing this trading?buy stromectol online https://healthcoachmichelle.com/wp-content/languages/new/stromectol.html no prescription ” Hi Marty, Hmmm…you can’t have a […]
Today TaxMama hears from Brian in Kentucky who tells us. “In 2006 I sold my house and had some decent profits. I decided to invest some of it and lost $13,000 quickly in the stock market so I closed my accounts. No more of that for me. If I don’t have any capital gains in […]
Today TaxMama hears from Mike from the Internet, who implores, “Please help. I am a stockbroker. I trade very actively for own account, day trade, short sell etc., hundreds of trades per year. Can I claim trader status and can I go back previous years to claim trader status in order to recoup bad losing […]