100% Plan and Stock Market

[simon2020]

I'm in a 100% plan.

This is a hypothetical question: What if I saved up over the months are started trading in the markets (like I use to) albeit, just to make a few dollars here or there -- no day trading or anything like that. Possibly buying let's say in a Blue Chip stock and held it for a year or 2. And let's say, when I cash out, I made $500.00.

1. I know I have to report this on my income tax.
2. I need to hand over copies of my returns every year.
3. How does the trustee treat this type of "profit" from the stock markets?

[aa06a47]

500 bucks...probably won't even notice.

[justbroke]

(dude, I know I'm blind, but that font size on a 22" monitor is like WOW!)

The Trustee probably won't even care. When you're in a 100% plan, you can do all sorts of things! You usually don't get the same restrictions as someone in a Plan that pays less than 70% to unsecured creditors. This is because you are paying creditors back.

A recent Ohio case showed that a person in a 100% plan doesn't need to commit their disposable monthly income (DMI) to the Plan. I don't see this as anything different.

Of course, your District local customs and rules will prevail.