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Search: Posts Made By: aharry
Forum: Traders Hideout October 8th, 2014, 09:17 AM
Replies: 276
Sticky: The Tax Thread
Views: 195,895
Posted By aharry
Depends on if you qualify as a trader under IRS...

Depends on if you qualify as a trader under IRS rules. If you do then your trading activity is reported on Schedule C and net income from self-employment is considered earned income. Also, if you...
Forum: Traders Hideout October 8th, 2014, 07:25 AM
Replies: 276
Sticky: The Tax Thread
Views: 195,895
Posted By aharry
There is no age limit for contributing to a Roth,...

There is no age limit for contributing to a Roth, but you must have earned income, I hope to not be working at 70 1/2. :)
Forum: Traders Hideout October 8th, 2014, 07:13 AM
Replies: 276
Sticky: The Tax Thread
Views: 195,895
Posted By aharry
The rule is to prevent someone under 59 1/2 from...

The rule is to prevent someone under 59 1/2 from using a conversion to avoid the 10% penalty. Let's say you had a traditional IRA and you needed $5000 but were not yet 59 1/2. You convert the amount...
Forum: Traders Hideout October 7th, 2014, 06:28 PM
Replies: 276
Sticky: The Tax Thread
Views: 195,895
Posted By aharry
The only other caveat I would mention is that...

The only other caveat I would mention is that under the ordering rules Roth conversions from a traditional IRA come out after contributions and all though they are tax free (tax was paid on...
Showing results 1 to 4 of 4

What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

 


 
 


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