Index Stock Trading|stock trading secrets revealed
Sep
13
Filed Under (stock-trading) by admin
Mus24 asked:
I sometimes dabble in online stock trading from my home.I was wondering if the earnings an be accounted for in the security earnings at the end of the year?Is it true?”
Dominic
I sometimes dabble in online stock trading from my home.I was wondering if the earnings an be accounted for in the security earnings at the end of the year?Is it true?”
Dominic
Comments
leonard s on 16 September, 2008 at 2:48 am #
The irs regulations wont allow itthey are always treated as capital gain and do not count towards your social security.
InspectorBudget on 17 September, 2008 at 5:57 pm #
No.
Only earned income is counted towards SS benefits.
I know, you earned the trading profit, but that’s the way the IRS defines it.
If you declare yourself as a fulltime stock trader, then yes, you may. BUT - you have to pay both the employer & employee portions of Social security tax, PLUS medicare tax.
Unless you are a very successful trader, you probably don’t make enough to justify claiming your trading profit as earned income.
nirdesh c on 19 September, 2008 at 6:19 pm #
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