Can a day trader qualify as a Nonprofessional?

A day trader can qualify as a Nonprofessional if he/she is managing his/her own money AND:

  • Does not assist any other person with investment decisions, nor he/she share profits; and is not a “Securities Professional”
  • Is NOT receiving office space and equipment in exchange for his/her work as a financial consultant to a firm
  • Has NOT entered into a profit sharing agreement with an organization
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