|
PureBytes Links
Trading Reference Links
|
> > 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?
My cpa groups all the deductables once they are categorized and then
this sum
is divided by the number of trades entered for the year. this figure is
then
added into the cost side of acquiring an asset.
Don
|