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SHEEPWOLF'S $1,000,000.00 JOUR..
(Total Views: 201)
Posted On: 04/21/2017 8:35:56 PM
Post# of 106808
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Posted By: SHEEPWOLF
Re: Wilma6311 #10184
1000 a year is easy, key phrase is "substantial" ...works for me.

Traders
Special rules apply if you're a trader in securities, in the business of buying and selling securities for your own account. The law considers this to be a business, even though a trader doesn't maintain an inventory and doesn't have customers. To be engaged in business as a trader in securities, you must meet all of the following conditions:

You must seek to profit from daily market movements in the prices of securities and not from dividends, interest, or capital appreciation;
Your activity must be substantial; and
You must carry on the activity with continuity and regularity.
The following facts and circumstances should be considered in determining if your activity is a securities trading business:

Typical holding periods for securities bought and sold;
The frequency and dollar amount of your trades during the year;
The extent to which you pursue the activity to produce income for a livelihood; and
The amount of time you devote to the activity.

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