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Author: fooltag Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: ST Gain Loophole??? Date: 1/31/2000 9:42 PM
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Has anyone heard of a special classification for
someone who generates their income from trading.
(Something like a professional trader) This
classification allows them to avoid short term capital
gains taxes because they are not seen as capital
gains, but rather as income. I think I read something
about this somewhere, but I can't remember where, and
the more I thought about it I can't believe it is 
true. I mean what then stops the card counter from 
being classified as a pro and not paying gains on 
their winnings? Any help/info is appreciated in 
finding out if 
1. There is such a thing.
2. Where I can find more information on it.

Thanks, I love you guys!!!

Lisa
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