Margin and option writing, professional status?

[PhilMongoose]

@Helix

we have this discussion every fews weeks.

Maybe I paste a link with my reply then:

Proactive professional trader status as individual

Imagine I say to the tax office: “hey. I’m a pro golfer. I want to take a tax deduction on all my golf clubs and fees at the golf club.” “no. I’m still working full time and getting paid there. i’m just practising after work.” “no. I haven’t made any money yet or won any competitions, but I in a few years I intend to win the PGA.” “well. maybe we can agree i’m already professional and I can deduct all these expenses now and you can tax me when i make money later.” “well. i guess it is true …