Trading's Tricky Tax Issues

If you're an active trader, prepare yourself for some thorny tax issues.

Between the constant trades, some option bets and those short sales, your Schedule D -- Capital Gains and Losses could end up being more complicated than those open calls.

The one upside to trading a lot is that you may qualify for the beneficial "trader election," which could save you some tax dollars. But like all good things, there's a catch. ...