Just the advice I was looking for. Thanks guys. I only hold...

  1. 258 Posts.
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    Just the advice I was looking for. Thanks guys.

    I only hold around 5 stocks at a time and one is an LIC which is the only true long term holding i have. So apart from that, it really just doesn't make sense to track capital gains on my other trades.

    I have made a request to the ATO to have a chat about my circumstances for peace of mind but after reading all the online resources about the definition of a Trader, I am confident I shouldn't have a problem fitting into a trader category.

    Again, much appreciated!
 
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