jwt
(stranger)
11/01/03 11:38 AM
Loss carry-forward/back for day trader

I qualify for day trader....no other job.....avg 60 trades per month....held 1-5 days......etc.

I did not set up an entity and did not elect MTM.......so I am using a Sch D for reporting trades and Sch C for expenses.

I have a loss for the year...........

The tax return will treat the loss as a capital loss with the $3,000 restriction against my unemployment income.

How do I get the tax return to reflect the total loss as an net operating loss so I can net against income and carry balance forward and back



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