|
PureBytes Links
Trading Reference Links
|
Dan,
I trade from a home office.
You can deduct just about all expenses incurred in your attempt to trade
the markets,( as long as they are tools to help you trade), including data
provider exp, mag. subscriptions(must be relevant), educational materials,
trading software, portion of home expenses(for home office; ask your tax
preparer). You can deduct your computer and maintenance expense, internet
access, if they are used soley for trading(i.e. to gain the knowlege that
influences trading decisions. I mark and itemize all related
phone/fax/download communications with a highlighter and total and file
them monthly.
Anything else, people?
Steve
----------
> From: Daniel O'Moran <moran@xxxxxxxxxxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: GEN: Futures business as a write-off
> Date: Monday, July 28, 1997 6:45 AM
>
> Hi folks.
> I'm a new trader. Hope that I can survive (and prosper in) the markets
> long enough to do as well as you people. Does anyone have advice on the
tax
> implications of being a trader; can I write of my cost for end-of-day
data?
> How about books/courses on trading? Any insight you could provide would
be
> appreciated.
>
> Thanks
> ::Daniel O Moran
|