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February 5, 2006
Avoiding Dealer Status
Can one avoid being classified as a dealer by setting up a series of LLCs where each one does a limited number of transactions each year?
I would suggest that you do not try to defraud the Govt. as that can only lead to trouble. You will want to check with your CPA and have them research the IRS rules in this area.
Posted by paulwells at February 5, 2006 6:45 PM