Home › Forums › Financial Markets/Economics › How difficult would it be for one to get classified under IRS section 475(f) › flu wrote: Basically, I think
[quote=flu] Basically, I think I would be better off if I could report all my short term flips/etc on a schedule C versus schedule D.[/quote]
Schedule C income transfers to AGI, line 12. Schedule D short term gains transfers to AGI, line 13
Are they treated differently for AMT?
Or are you thinking you have expenses to bury on Schedule C?
Or is this a 3.8% Obamacare tax thing?
Did either tax guy do a promo-forma on last year’s tax return to estimate the tax savings if you would have been 475(f)?
