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Trader or Investor Danny Traitor, whose filing status is single, filed his income tax returns for 2 0 2 2 , 2 0 2 3
Trader or Investor Danny Traitor, whose filing status is single, filed his income tax returns for and showing ordinary losses of $ $ and $ respectively, from trading bitcoin currency. Danny has a nighttime gig as a disc jockey at various bars in the area generating net profit of $ $ and $ in and respectively. Danny spends up to hours a week analyzing, researching, and creating spreadsheets to trade bitcoin. He averages almost executed trades per year. Is Danny a trader or an investor for and Why does it make a difference whether he is a trader or investor for these years? Help: See Endicott, TC Memo. and Nelson, TC Memo.
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