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Trading on Your IRA Account

 

I have been trading in my IRA full-time for a month now and wonder if I can call myself a trader for tax purposes. I intend to draw money from my IRA as a main financial support for my family (I'm aware of 10% early withdrawal penalty).

-- Sonny Le

Sonny,

In a moment, I'll pitch in my two cents on full-time trading in your IRA. But I don't want to weigh in before giving you an answer, so let's jump right in with your question first. ...

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