Investment Income

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Investment Income

Postby tigerowl06 » Sun Feb 23, 2014 8:47 pm

My dad is a day trader and has been for about 5 years now. He feels he's gotten good enough to start trading an account with my money in it. So far, so good for 2014, but there's a long way to go.

I'm sure a few of you have investments, so I'd like your input. CC applications / CLI request forms let you include investment income in your reported income. But to state the obvious, investment income is not constant and reliable the way a paycheck is. My guess is that if your previous year's tax return shows the income you reported, they're not going to call you a liar and close your account. Still, what do you guys think? I tried google and couldn't find a good answer.
Chase Freedom ($2.5K, 10/2009)
Discover it ($6.6K; 03/2011)
Amex BCE ($19.5K; 02/2013 - 2011 BD)
USAA Limitless 2.5% (22.5K; 08/2017)

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Postby irvinfitness » Mon Feb 24, 2014 9:49 am

I think you can include investment income reported on your previous tax return without any issues. The tax return gives you the necessary proof of income.
[size=60]Chase Freedom Signature - 10k (rotating 5%)
Citi Platinum Select - 8.1k (rotating 5%)
Discover It - 12k (rotating 5%)
AMEX BCE - 20k (Groceries 3% / Gas 2% )
Regions Signature Visa - 5k
US Bank Cash+ - 5.5k (Restaurants/Fast Food 5% / Drug Stores 2%)
Navy Federal cashRewards Visa Signature - 20k (Business Purchases)
Care Credit - 6k (Vet Bills/Dentist - 0% APR)
Chase IHG Rewards (Priority Club) - 18k (Annual Night Certificate, Platinum Elite Status)

Not used except for occasional purchase with promo:
Jared - 7.5k [/size]

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