[[Anyone have any experience with day trading tax strategies? Specifically, if one accumulated a lot of losses day trading, is there a way to deduct them without the $3,000 capital loss annual max? Perhaps as a business? Any thoughts appreciated.]]This is discussed a bit in Ted Tesser's book "The Traders Tax Survival Guide". KAT in Chicagoland also addresses some of these issues in his tax site (http://www.fairmark.com). You might want to check it out.TMF TaxesRoyWant to learn more about taxes and investing? Then we have a deal for you!! The Motley Fool Investment Tax Guide is now available through Fool Mart. Be the first one on your block to own this masterpiece. There is still time available to do that tax planning (and tax saving) before the end of the year. So just click on this link (http://www.foolmart.com/market/product.asp?pfid=MF+013+I) to read more about this amazing collection of tax information. (Apologies for the shameless plug…but it is a pretty good book…if I do say so myself). In addition, if you would like to visit the Taxes FAQ (Frequently Asked Questions) area, click on http://www.fool.com/school/taxes/taxes.htm and you'll be right at the home page. Pay special attention to the "archives" section. Check it out. Finally, if you need to get to the IRS web site, click on http://www.irs.ustreas.gov to go directly there.
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