TraderInterviews.com: Welcome back to Trader Interviews. Thanks very much for joining us for another discussion this week. As you know, the goal of each of these interviews is to give you something to think about in your trading and ways to apply strategies that other traders are doing. And, when we talk of the traders, we also talk about strategies and things that are involved with trading and taxes, obviously, is a huge part of that. And recently, there was a case that came down that denied trader status to a husband-and-wife couple out of Sarasota, Florida. So, we are going to talk to Bob Green about this from GreenTraderTax.com, what this means for us as traders, and the things we have to be on the lookout for, and how this means things may change or down the road. So, Bob thanks very much for joining us on the show today.
Robert Green: Thanks for having me, Tim.
TraderInterviews.com: Well, so what does this mean, this overall case? Can you kind of explain what the basis was for this and how it affects us?
Robert Green: Well, I think the overall consensus is that the client, Holsinger, probably did not qualify for trader tax status. So the IRS, by denying their status, is not really sending a huge alarm bell, but what's a little concerning is that they're seemed to be raising the bar a little bit and setting a standard that may be troubling for some. And, I think it's fair to say that many traders are a close call on trader tax status, and they need to assess all factors besides just a few that were kind of the focus of the Holsinger case, that being the number of trades and the holding period.
TraderInterviews.com: Right, so...
Robert Green: And, go ahead.
TraderInterviews.com: I will say, so that if they made about 300 and plus trades a year, but they never typically traded intraday, was that a big deal?
Robert...
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