http://mytradersjournal.com/stock-options/2007/12/21/taxes-and-option-trading/ Investing in Stocks Through Options Sun, 20 May 2012 05:09:47 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://mytradersjournal.com/stock-options/2007/12/21/taxes-and-option-trading/#comment-5125 options trading Wed, 26 Nov 2008 13:53:58 +0000 http://mytradersjournal.com/stock-options/2007/12/21/taxes-and-option-trading/#comment-5125 Excellent post Alex! I wasn't sure if the self employment tax was applicable to traders, that link really sheds some light on the answer. Excellent post Alex! I wasn’t sure if the self employment tax was applicable to traders, that link really sheds some light on the answer.

]]> http://mytradersjournal.com/stock-options/2007/12/21/taxes-and-option-trading/#comment-1620 Teamrivers Sun, 23 Dec 2007 13:14:22 +0000 http://mytradersjournal.com/stock-options/2007/12/21/taxes-and-option-trading/#comment-1620 You DONT want to pay FICA, on any income that you don't have to. The inefficiencies of the US govt associated with the management of your hard earned income are outrageous! You should only be paying FICA on W-2. Ideally you should be incorporated, at least as an LLC for all related business activities. It gives you the opportunity for expanded expenditures and planning, as well as taxation "avoidation". You DONT want to pay FICA, on any income that you don’t have to. The inefficiencies of the US govt associated with the management of your hard earned income are outrageous! You should only be paying FICA on W-2. Ideally you should be incorporated, at least as an LLC for all related business activities. It gives you the opportunity for expanded expenditures and planning, as well as taxation “avoidation”.

]]> http://mytradersjournal.com/stock-options/2007/12/21/taxes-and-option-trading/#comment-1599 Alex Fotopoulos Sat, 22 Dec 2007 14:14:45 +0000 http://mytradersjournal.com/stock-options/2007/12/21/taxes-and-option-trading/#comment-1599 Cool, thanks Melvin. http://www.fairmark.com/traders/benefits.htm in particular is worth a read. I'm not going to file as a "trader", but it's still interesting, because if nothing else I didn't know how traders were able to avoid the wash rule. Apparently it doesn't apply to them. Cool, thanks Melvin. http://www.fairmark.com/traders/benefits.htm in particular is worth a read. I’m not going to file as a “trader”, but it’s still interesting, because if nothing else I didn’t know how traders were able to avoid the wash rule. Apparently it doesn’t apply to them.

]]> http://mytradersjournal.com/stock-options/2007/12/21/taxes-and-option-trading/#comment-1598 MELVIN Sat, 22 Dec 2007 14:08:56 +0000 http://mytradersjournal.com/stock-options/2007/12/21/taxes-and-option-trading/#comment-1598 Alex, WWW.FAIRMARK.COM (Tax Guide for Investors), has a simple explanation of qualifications/benefits of a "trader" that I have ever found. Hope this helps anyone who has an interest. Alex, http://WWW.FAIRMARK.COM (Tax Guide for Investors), has a simple explanation of qualifications/benefits of a “trader” that I have ever found. Hope this helps anyone who has an interest.

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