Jackflood572

I have read these page prior to my question and it's all still quite vague to me. Is there anything more specific you can give me, relating to my question above? The 30 day rule is pretty clear to me for investments but for active trading I am unsure. Is there such a thing as being classed as an "active trader" for tax purposes?

I have researched and not found a good answer to my question so I hope someone can help out. If I am actively buying and selling stocks daily, am I classed as a "day trader" for tax purposes and the 30 day rule doesn't apply? Is there such a thing as being classed as an "active trader" for tax purposes? If this is not true and the 30 day rule does apply, what is the specific procedure for avoiding the tax implications of the 30 day rule when day trading? For example, lets say I trade stock XYZ every trading day, buying and selling multiple times per day. Do I have to just not trade that specific stock 30 days prior to the end of the tax year? If I am misunderstanding, please explain to me specifically how the rule applies using the example above because I can not find clear information anywhere.