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Does a "Day Trader" qualify for income averaging? They seem…

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Does a "Day Trader" qualify...
Does a "Day Trader" qualify for income averaging?
They seem to fit the reg's but are not mentioned specifically.
Submitted: 1 month ago.Category: Tax
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Answered in 8 minutes by:
3/11/2018
Tax Professional: Robin D., Senior Tax Advisor 4 replied 1 month ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 17,624
Experience: 15years with H & R Block. Divisional leader, Instructor
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Hello, I'm Robin. Welcome to JustAnswer. I'm reviewing your question now and typing up my reply. I'll post that in just a few moments.

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Tax Professional: Robin D., Senior Tax Advisor 4 replied 1 month ago

NO

The general 4-year income averaging rule expired in 1986. Currently, income averaging can only be used by farmers and fishermen for their business income and, in some cases, for lump-sum retirement plan distributions.

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