Ms. Client lost big in the stock market during 2019. Now, at tax time, she insists that
Fantastic news! We've Found the answer you've been seeking!
Question:
Ms. Client lost big in the stock market during 2019. Now, at tax time, she insists that she is (or was during 2019) a day trader and therefore can treat her stock market net loss as a Schedule C ordinary loss rather than as a basically worthless net capital loss. In anticipation of a meeting with Ms. Client, prepare a due diligence checklist / questionnaire (or just a “note to self”) to guide the discussion and to help you get to an independent professional judgment regarding Ms. Client’s 2019 status as either a trader or an investor.
Related Book For
Statistics for Management and Economics Abbreviated
ISBN: 978-1285869643
10th Edition
Authors: Gerald Keller
Posted Date: