IN THE MEDIA: BARRON'S
Barron's has positively reviewed and recommended GreenTrader's
TradeLog software and tax
services for frequent traders every year since 1999. Barron's
Electronic Investor column is the most respected weekly column following
the active trader industry. Thanks Theresa W. Carey and Kathy Yakal of
Barron's (10/20/12) "Taxing
Start for Brokers" (Electronic Investor), By Theresa Carey. Ms.
Carey writes about a new report from Celent that justifies what we have
been saying about this cost-basis reporting problem, all along. In her
article above, Ms. Carey writes "We found some helpful information
about the whole issue from Robert Green, a CPA who focuses on traders.
His Website (greencompany.com) includes an education center, which features
blog posts and Webinars on the subject."
Barron's (3/24/12) "Tax Filing on Trades: It May Pay to Wait"
(Electronic Investor), By Theresa Carey. "There's confusion among
our readers on how to file the newly revised 1099-B from brokers, especially
those with multiple trading accounts. It's worth getting an extension
on your filing deadline to win time to work out the revised wash-sale
and capital-gains regimen. A CPA may be of help." Excerpts with
- If this describes you, Robert Green, a certified public accountant
at Green NFH (greentradertax.com), which focuses on high-frequency traders,
says you should consider filing for an extension on 2011 tax returns,
rather than risk filing an incorrect return and having to amend it later.
Why the crunch this year? The 1099-B's new layout wasn't made public
until November, nor was the requirement to file an additional form
to reconcile capital gains, IRS form 8949. Coming so late in the year,
these changes have caused consternation for investors—especially
Some Barron's readers have told us that they've already received
corrected 1099-B forms—it is the clearing firms' responsibility
to send them to investors—or what they say are incorrect wash-sale
calculations. A wash sale occurs when a trader sells a stock at a
loss, then buys it back within 30 days. The IRS doesn't let taxpayers
claim write-offs for losses on wash sales.
Green is also urging brokers and investors to persuade the Internal
Revenue Service to turn off tax audits based on capital gains for
the tax year 2011, since there is a great deal of confusion, and lack
of standardization in the industry.
Taxpayers who get a refund based on incorrect data will have to pay
it back—with penalties and interest. But the 2011 situation
is so messy, Green thinks that CPAs might shun investors with lots
of wash sales, rather than deal with increased audits.
Barron's (12/17/11) "Surprise:
New IRS Form May Confuse" (Electronic Investor), By Theresa Carey.
The agency's revamped 1099-B may cause some consternation for investors
when it arrives in mid-February. Ms. Carey recommends our TradeLog software,
Jan. 11, 2010, Barron's, Electronic Investor,
What's the Best Tax-Prep Software? By Theresa W. Carey.
here for online view of article. Excepts follow:
THE INTERNAL REVENUE SERVICE IN mid-December issued proposed regulations
on cost-basis tax reporting. Under the measure, brokers would be required
to report to the government the cost of equities sold by their customers
in 2011. For 2012, they'll have to report similar information about mutual-fund
sales and, in 2013, options and fixed-income cost bases. At present, the
cost basis of transactions is communicated only to clients, who are responsible
for reporting it to the IRS. The comment period on the proposal ends on
Investors who use online brokers have long complained to us that they
have trouble getting accurate cost-basis information from the firms. So
will the industry be ready in time to comply with the measure?
Even though the deadline for options is a little further off, figuring
transaction costs there will be a particular challenge........
.... Frequent traders already have to report wash sales themselves. These
transactions are triggered when one sells a holding at a loss, and purchases
it (or something that is substantially the same, like a similar ETF) again
within 30 days. The loss on the sale is disallowed, though you can add
it to the cost basis of the new purchase. The changes in the IRS rules
place a new burden on online brokers to track and report wash sales, including
a detailed list showing each sale on a single line. Some active traders
generate thousands of wash sales per year.
The complications of wash sales can lead to accounting nightmares if
you have to make all the calculations on your own. Some online brokers
report wash sales if you make the transactions on their Website, but the
wash-sale rules apply even if, for example, you sell a stock at E*Trade
and then buy one that is considered substantially the same at Charles
Traders who opt to change their accounting method from cash basis to
mark-to-market aren't subject to wash-sale rules. But they open themselves
up to a great deal of additional scrutiny. Mark-to-market traders are
few in number and require heavy-duty tax software that can't be found
in the usual mass-market products. We recommend Armencomp's TradeLog MTM
for these hyperactive traders. This link
is TradeLog for GreenTraderTax.
Feb. 9, 2009, Barron's, Electronic Investor,
New Investor Tax Rules on the Way, By Theresa W. Carey.
here for online view of article. Excepts follow:
- FREQUENT TRADERS OF OPTIONS, COMMODITIES AND currencies who
don't have an accountant might want to start shopping for one in the
next few weeks. They aren't going to get much help from electronic tax
preparers. "We figure those people are getting their taxes
done professionally," is the way one software maker's representative
explains the lack of advances aimed at derivatives traders.
- ROBERT GREEN, A CPA and tax guru to frequent traders,
says that the IRS is working to close the "tax gap" by finding
more unreported income, thereby boosting revenue without having to rely
on Congress to raise tax rates or shrink deductions. A law passed in
2008 will require additional reporting of your average-cost basis and
short-term versus long-term treatment on securities, so it will then
be easier for the Internal Revenue Service to double-check net trading
gain or loss reporting. This law, which affects the 1099-B forms that
you receive from your broker, will be mandatory in 2011.
"This 1099-B rule change may actually help traders, because
when there is noncompliance, the IRS mails jeopardy tax bills to traders,
discounting all missing cost-basis information on 1099-Bs," says
Green. To check out his Website, Green Trader Tax, for advice and
tips for frequent traders, go to http://www.greencompany.com/index.shtml.
- Using a tax-prep program, even if you consult with a professional,
is a great way to organize your paperwork. For frequent traders, the
combination of TradeLog (http://www.armencomp.com/gtt-tradelog.html),
which is supported by Robert Green, plus TurboTax, should do
the job. If you aren't a frequent trader and stick mostly to stocks
and mutual funds, any of these programs will do the job. The nice thing
about the online versions is that you can get started for free and see
how you like the interface. You pay only when you file.
Feb. 12, 2007, Barron's, Electronic Investor, Tax Software
for Serious Investors, By Theresa W. Carey. An excellent review of GTT
TradeLog and GreenTraderTax. Click here for
Feb. 13, 2006, Barron's, Electronic Investor, Computing
Your Taxes, By Theresa W. Carey and Kathy Yakal. An excellent review of
GTT TradeLog and GreenTraderTax. Click here
for an excerpt.
Dec. 20, 2004, Barron's, Electronic Investor, By THERESA
W. CAREY, KATHY YAKAL
'Tis the Season. An excellent review of GTT trader tax guides and GTT
TradeLog accounting software. Click here
for an excerpt.
Feb. 16, 2004, Barron's, Electronic Investor, By THERESA W. CAREY
"TurboTax gets our nod for helping you avoid typing in all those
numbers." GTT Tradelog is included in a positive fashion. Click
here for excerpts and GTT observations on why we are the best full
service around for active business traders.
Jan. 19, 2004, Barron's, Electronic Investor, By THERESA
"Greater Tool Theory: Trade-Ideas flags gaining stocks, while GTT
TradeLog keeps track of your gains." Click
here for the portion of this article on GTT TradeLog. Another great
May 26, 2003, Barron's, Electronic Investor, By THERESA
"More than Advertised." "....Another online freebie that
can benefit traders is Green Trader Tax's PalTalk event." Click
here to learn more.
Dec. 9, 2002, Barron's, Electronic Investor, By THERESA
"Trader's tax toolbox." Excellent full review of GTT TradeLog
software program. Click here to read the
Feb. 11, 2002, Barron's,
Electronic Investor, By THERESA W. CAREY
"Computing Your Taxes The Web and software can make preparing
your return easier, if not less taxing." Click
here to see excerpts from the article.
July 2, 2001, Barron's, Electronic Investor, By THERESA
"Dollars and Sense, Direct-Access Showdown." Barron's reviews
the online brokers every year and cites tax support as one of their weaknesses.
Barron's helped put GTT together with brokers to improve their tax support
and overall ratings. Thanks, Barron's, for helping us power the Tax Centers
for leading brokers. Click here to learn
Feb. 12, 2001, Barron's, Electronic Investor, By THERESA
"Taxing Times Software still beats out Web sites for preparing
returns." This was Barron's first excellent review of our GTT TradeLog
software program. Click here to read the
May 10, 1999, Barron's, Electronic Investor, By THERESA
"Taxable Gains." The first news about the new trader tax laws
was reported in Barron's in December 1998. Green picked up on it and went
full force into spreading the word in trader communities. As it turns
out, almost all traders were in the dark about the incredible new trader
tax benefits. Green published the first, and still the best, trader tax
guide, laying out all the benefits. Theresa Carey of Barron's, on her
own without any prodding from GTT, found the guides on the Internet and
recommended them to all active traders. Click
here to see the full article and excerpts.
12, 2007, Barron's, Electronic Investor, Tax Software for Serious
Investors, By Theresa W. Carey
FREQUENT TRADERS WHO DO THEIR OWN taxes are either control freaks (my
category) or very comfortable with the ins and outs of tax accounting.
Crazy is another possibility. In any case, do-it-yourselfers of all types
need tax software -- either packaged or online.
Any tax program should be able to deal with income and deductions, but
the serious investor needs to compile an accurate Schedule D, covering
all transactions. There's no shortage of software alternatives. Sorting
through them -- particularly the jumble you see in stores -- is the problem.........................
........One solution for traders with reams of taxable transactions is
published by Armen Computing. We like TradeLog for active stock and options
traders. It does a much better job of tracking options transactions than
Quicken or Money, and it's a good tool for short-sellers. TradeLog can
also help you track futures transactions, which aren't specifically addressed
in other programs.
TradeLog offers five versions, keyed to transaction volume. TradeLog
200, which covers up to 200 trades, is $69. The top-of-the-line GTT TradeLog,
which handles unlimited transactions and is aimed at those needing mark-to-market
accounting, is $349. GTT TradeLog is also supported by Green Trader Tax
(www.greentradertax.com), which provides
tax advice for frequent traders.
here for the complete article at Barron's. A subscription is required,
and we recommend it; you will have access to their entire archive too.
Feb. 13, 2006,
Barron's, Electronic Investor, Computing Your Taxes
By THERESA W. CAREY and KATHY YAKAL
TAX-PREPARATION SEASON OUGHT TO BEGIN with a basic question: Should you
do it yourself or hire the job out? If you feel that you're educated enough
on the ins and outs of filing your own return, with all the complications
your life presents tax-wise, then pick up a copy of a tax-preparation
program to help you out..........
FOR THE PERIPATETIC TRADER, neither TurboTax nor TaxCut
will make the job of preparing your Schedule D easy, though. That's where
TradeLog and GTT TradeLog come in handy (www.armencomp.com).
These programs, published by Armen Computing, help those who actively
trade to generate portfolio-performance reports as well as prepare a Schedule
GTT TradeLog, which is supported by Green Trader Tax (www.greentradertax.com),
is aimed at traders who need to track mark-to-market transactions. TradeLog
is for all the other active traders. Prices range from $49 for a version
that is restricted to 100 transactions, to $349 for the mark-to-market
The programs produce a file in TXF format that can be imported into TurboTax
or TaxCut for preparing your entire return. We found that TurboTax handled
the larger number of transactions more elegantly and with fewer errors.
Dec. 20, 2004,
ELECTRONIC INVESTOR, By THERESA W. CAREY, KATHY YAKAL
'Tis the Season. An excellent review of GTT trader tax guides and GTT
TradeLog accounting software. See an excerpt below.
Day traders and others who trade frequently may want to qualify for professional-trader
status, which offers quite a few tax benefits. One of them is electing
"mark-to-market" accounting, which converts capital gains and
losses to ordinary gains and losses, so there is no limit on the amount
of losses that can be deducted. MTM traders are also exempt from wash-sale
rules. The catch here is that you would have had to elect this accounting
method by last April 15 to use it for the 2004 tax year. Be sure to elect
MTM by April 15, 2005, if you want to use it next year.
Individuals who qualify as being in the business of trading can qualify
for "trader tax status." With business rather than investor
tax treatment, these individuals file business tax returns as part of
their individual tax returns on a Schedule C (Business Profit or Loss).
This situation is tricky enough that you ought to consult with an accountant.
Start by picking up a copy of Robert Green's "2004 Guide:
Trader Tax Law & Benefits" at www.greencompany.com/Traders/GuidesTraderTax.shtml.
If you trade in such volumes that you're overwhelming Quicken with your
transactions, take a look at TradeLog. It properly matches your trades,
including short sales, and it calculates your gains and losses, including
wash-sale adjustments. It then generates your Schedule D Capital Gains
and Losses report. There's a version for mark-to-market traders, GTT
TradeLog, as well as various versions with restricted numbers of transactions.
GTT TradeLog can generate Form 4797, a task not easily accomplished by
the mainstream tax-preparation programs.
In addition, if you are buying a stock that you sold recently for a loss,
you should make certain that you're not falling into the wash-sale trap.
A wash sale will happen when an investor sells shares of a security at
a loss, and then buys that same security, or one that is considered substantially
identical, within 30 days. To further complicate this rule, the security
could be purchased 30 days before or after the sale for a loss, effectively
creating a 61-day window.
When a wash sale is triggered, your loss is deferred and the cost basis
of the new lot is increased to reflect the deferred amount. This will
delay -- or possibly deny -- your ability to take a loss on your tax return.
To avoid triggering a wash sale on a security sold for a loss, you can
buy a stock from the same sector, say one drug company for another, or
perhaps an exchange-traded fund that covers the pharmaceutical industry.
In the case of mutual funds, you can buy a different fund with a similar
investment objective. Online stock and mutual-fund selection tools are
a huge help comparing and analyzing alternative investments.
Feb.y 16, 2004,
ELECTRONIC INVESTOR, By THERESA W. CAREY
TurboTax gets our nod for helping you avoid typing in all those numbers,
Edited by Randall W. Forsyth
Excerpts: FEAR, MORE THAN
ANYTHING ELSE, is what most people associate with filing their tax return.
Or at least acute anxiety. Step over the line with some deduction and
you're headed for an audit, even if it was an honest mistake. Or if you
miss all the deductions to which you're entitled, you'll experience a
deep ache in the pocketbook. The tax laws are nearly impossible to understand,
and they only get more complicated as your income grows and the number
of "taxable events" (one of my favorite IRS euphemisms) increases.
Many taxpayers let a professional tax preparer or an accountant prepare
their returns just so they can sleep soundly.
Barron's readers are apt to have more of those tax events than the average
American, thanks to keeping an investment portfolio up-to-date. If you're
familiar with the complications of your finances and if they're
not unduly complicated you can do your taxes yourself using either
a desktop program, which is installed on your computer, or an online service,
which you run from your Web browser. We'll take a look at three desktop
programs as well as three online services.
We ran a scenario through these programs and services that bears a strong
resemblance to the Carey family: one salaried employee, one self-employed
workaholic with a home office, two lovely children and a variety of investments.
This year we added the sale of a primary residence to our script, in response
to several reader requests. We also tried to import
a file containing stock and options trades generated during the recent
review of GTT TradeLog (Electronic Investor, Jan. 19. - see below)
TurboTax did a better job of reading in past years' data without errors,
importing transactions from online brokers, and also
reading the file generated by TradeLog without any trouble. TaxCut
could not read the file without editing, and has a limited number of online
partners. TaxACT's import ability is very limited; We would only recommend
the program to taxpayers with extremely simple returns.
TaxCut offers an intriguing online service with its Signature Edition.
For $79.95 ($99.95 after April 1), you can prepare your return online,
and pass it on for a professional review by an H&R Block tax adviser
electronically. The tax professional also signs your return with you,
and their Ask a Tax Advisor service is free year-round. The regular editions
of the H&R Block online tax programs also allow you to submit your
return to a professional for review for an additional $29.95. TurboTax's
Professional Tax Review is $24.95 to $49.95, depending on the forms you
file. You can add telephone support to the tax review for $65. TurboTax
also offers Audit Defense, starting at $29.95.
GTT Observations (not from Barron's yet):
GTT's full service tax solution for active business traders is the best
solution around. GTT TradeLog has the best download capability from the
most supported brokers more than TurboTax and we do a better
job at short sales and for hyperactive trading levels. You can then import
GTT TradeLog's results into TurboTax. Barron's pointed out the other programs
are not as good for downloads or program features. Although H&R Block's
program is not as good as TurboTax, Barron's likes that a package is available
with an H&R Block tax advisor. That may be a good value and service
for less active traders, but we have found that H&R Block advisers
fall down on the job when it comes to business traders. Just ask one about
IRC Section 475 mark-to-market accounting or trader tax status, and you
should get a blank stare or"Sorry, I need to look that up."
That doesn't cut the mustard for business traders.
GTT offers the only full-service solution around for business traders.
Use GTT TradeLog to download your trades, use GTT Trader Tax Guides to
prepare your own tax returns with TurboTax, import your GTT TradeLog results
into TurboTax and then e-mail GTT professionals your TurboTax and GTT
TradeLog data files. We can fix your TurboTax and GTT TradeLog files if
need be and e-mail them back to you, or we can convert your TurboTax file
into our professional tax software, Lacerte, also produced by Intuit.
So listen to Barron's and you may be fine, but if you are a business trader,
Barron's suggested you engage an experienced professional. That's GTT,
not one of the national consumer brands (who don't know beans about traders).
We have the same nifty service that H&R Block does, but we offer you
a download solution that works (GTT TradeLog and TurboTax). H&R Block
TaxCut does not work well for downloads (see article), and what good is
their advisor solution (even though it's a low price) if the advisor doesn't
know beans about complex business trader tax issues? We must have more
than 20 H&R Block clients who missed the important MTM deadline, are
stuck with hundreds of thousands of dollars in wasted tax losses and never
claimed trader tax status business benefits. A penny saved and thousands
of dollars lost. Get the full service solution you need, and that is only
available from GTT.
2004, ELECTRONIC INVESTOR, By THERESA W. CAREY
Greater Tool Theory: Trade-Ideas flags gaining stocks, while GTT TradeLog
keeps track of your gains, Edited by Randall W. Forsyth
Excerpt: Speaking of tools for peripatetic traders, tax season
is coming up. We'll look at tax software and online tax-prep sites in
a future column, but in the meantime, what can you do if you want to keep
track of your stock, futures, options, and currency trades? Try the updated
version of GTT TradeLog, a program that helps active traders calculate
profits and losses, and prepare tax returns. And mark-to-market traders
can relax GTT TradeLog can generate Form 4797 for you, which is
a task not easily accomplished by the mainstream tax-preparation programs.
TradeLog can close out the tax year and help you match your trades to
your broker's 1099. The program establishes a data file for each trading
year and each broker, and you can sort transactions on a variety of criteria:
ticker symbol, date range, or tax lot. You can even sort trades on whether
they're long or short, open or closed. Traders who don't qualify for mark-to-market
status can use GTT TradeLog to track wash sales.
New in Version 4, which was recently released, is the ability to resize
the TradeLog window and sort the columns. The publisher added a series
of online tutorials which describe how the various functions work
a very helpful improvement over the prior version, which presented you
with a blank screen and very little advice on how to make it work.
The program itself has the look of a spreadsheet, so some of the functions
are intuitively obvious adding a row for new data, for instance.
One very welcome addition to this version is the use of alternating colors
for the sets of transactions pertaining to a particular stock or option;
you can track the progress of your buys and sells up until the time you
close out a position. The program shows a summary of your open positions,
with your unrealized gains and losses; you can update the prices with
a button click.
Additional enhancements include the ability to isolate long- and short-term
trades, plus tracking gains and losses from currency trades. You can generate
your Schedule D for stocks, options and single-stock futures trades, or
the IRS Form 6781 for futures trades.
Although adding transactions manually is easy in TradeLog, frequent traders
will find it much more convenient to import transactions from over 30
online brokers, including Interactive Brokers, Ameritrade, BrownCo, E*Trade,
Harrisdirect, Schwab, Scottrade, Terra Nova and Tradestation. GTT TradeLog
doesn't import the data directly from the broker's Website, but it creates
an import filter, found on the Options menu. From your broker's site,
you generate a transaction file and save it to your computer, then use
the import filter for your broker. The transactions are then read into
TradeLog, and you can manipulate them as you please.
You can export transactions to a text file, an Excel file, or an Adobe
Acrobat report. The publisher has changed the pricing structure significantly:
You can purchase an unrestricted license for $349; or, cheaper versions
are available for processing fewer transactions. You can test out a fully
functional copy for free, but it's restricted to only 20 transactions.
Check it out at www.armencomp.com/gtttradelog/.
Click here for copy
of this review in pdf version.
2003, ELECTRONIC INVESTOR, By THERESA W. CAREY
"More than Advertised." Edited by Randall W. Forsyth
Excerpt: Another online freebie that can benefit traders is Green
Trader Tax's PalTalk event, set to take place May 27 from 4:00-5:30 p.m.
EST. The topic is, as you might expect, tax-related, but money-saving
strategies also will be discussed. The room is private, for GTT professionals
and invited guests only. You can remain anonymous if you'd like (just
in case any IRS agents are lurking). To attend, send an e-mail to firstname.lastname@example.org
and you'll get a password and directions for how to log in. This is a
first-come first-served event.
here to learn more about our PalTalk events.
9, 2002, ELECTRONIC INVESTOR,
By THERESA W. CAREY
"Traders' tax toolbox." Edited by Randall W. Forsyth
Excerpt: Green Trader Tax has teamed up with TradeLog to publish
GTT TradeLog, a program to help frequent traders calculate their profits
and losses, and to prepare tax returns efficiently. Mark-to-market traders
can generate that pesky Form 4797 for the IRS relatively painlessly. Changing
to mark-to-market accounting can be complicated, but GTT TradeLog gives
you a Q&A that helps you navigate the process.
One of the advantages of using a GTT TradeLog rather than Quicken or Money
if you're a mark-to-market trader is that TradeLog can close out the year
for you and help you match your trades to your broker's 1099. The program
establishes a data file for each trading year and each broker, and you
can sort transactions on a variety of criteria: ticker symbol, date range,
or tax lot. You can even sort trades on whether they're long or short,
open or closed. Another important consideration is accounting for wash
sales for those who don't opt for mark-to-market status. A key feature
of the program is the ability to import transactions from more than two
dozen online brokers, including AmeriTrade, E*Trade, Interactive Brokers,
Harris Direct, Charles Schwab, Terra Nova and Tradescape. GTT TradeLog
doesn't import the data directly from a broker's Website, but it creates
an import filter for transaction files that you create while looking at
your account online. Save the transaction file to your computer, then
use the import filter for your broker, and the new transactions get pulled
into GTT TradeLog quickly.
You can export transactions to a text file or an Excel spreadsheet if
you'd like. The program's power lies in its ability to make sense of the
tax implications of peripatetic trading. For $345, you can get the program
Feb. 11, 2002,
ELECTRONIC INVESTOR, By THERESA W. CAREY and
Kathy Yakal. "Computing Your Taxes
The Web and software can make preparing your return easier, if not less
taxing." Edited by Randall W. Forsyth
Excerpt: Very active traders, especially those using mark-to-market
accounting, should check into the Trader Tax Solution Package offered
July 2, 2001, ELECTRONIC INVESTOR,
By THERESA W. CAREY
"Dollars and Sense, Direct-Access Showdown." Edited by Randall
here to see entire article reprint.
Excerpt: GTT recently formed an alliance
with Terra Nova Trading
(TNT) to build and provide most of the trader tax content for their
new Tax Center at TNT. Barron's ranked TNT second out of a dozen direct-access
brokers, mentioning that TNO's new Tax Center and Tools helped them achieve
this very high ranking. GTT TradeLog
is one of TNO's new Tools for users.
12, 2001, ELECTRONIC INVESTOR, By THERESA W. CAREY
"Taxing Times Software still beats out Web sites for preparing
returns." Edited by Randall W. Forsyth
here to see entire article reprint.
Excerpt: Someday, we'll all do our taxes online. But for now,
we recommend that you shell out the extra bucks to buy a desktop program
if you're going to do your return yourself. Hyperactive traders also should
look at the Trader Tax Solution Package offered by GreenTraderTax.com.
They're not cheap, but they can help you determine if you qualify as a
professional trader in the IRS's eyes. The programs also help traders
manage their hundreds (thousands?) of transactions better than TurboTax
and TaxCut, which are more suited for long- term investors.
10, 1999, ELECTRONIC INVESTOR, By THERESA W. CAREY
"Taxable Gains." Edited by Randall W. Forsyth
here to see the entire article reprint.
Excerpt: Big surprise: Day traders seldom show a (taxable) profit.
Don't let the IRS spoil the fun of online trading. For the glorious, gory
details on these rules and how they apply to traders, check out ... www.greencompany.com.
They can help you determine which category of trading activity you qualify
for as far as the IRS is concerned. And, if you get lucky, the expense
is deductible on your 1999 return.
The Barron's article featured the Table of Contents from our Trader
Tax Guide & Questionnaire.