[quote=no_such_reality][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)?[/quote]
No, it was a meeting in which basically lasted for 1.5 hours with both telling me essentially for 2012 I was screwed, and then looking at what I was doing for the past few years and saying “you know, look into this for 2013…”
And then I needed to go…
