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After being employed in the UK for a number of years (UK employer), a friend returned to the US and while looking for a job, did a number of stock trades. Would he be a trader or investor? He's hoping to be able to deduct full computer costs and other home office costs as a trader and not be subject to the 2% AGI rule.

Please point me to an FAQ if there is one available.

Thanks
Chris

ps.
my friend is enjoying trading so much he still does not have a job!
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take a look at: http://www.traderstatus.com/

--Castigs
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