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PureBytes Links
Trading Reference Links
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Some months back, when we had a similar thread going, I posted the following link from
the Motley Fool which should answer a lot of these sort of questions:
http://www.fool.com/School/Taxes/Taxes.htm
JW
abprosys@xxxxxxx
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> From: Wayne/Jan Royal <royalwj@xxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: Futures business as a write-off
> Date: Monday, July 28, 1997 2:01 PM
>
> Steve Schnake wrote:
>
> > 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
>
> >>>>>>>>>>>Hi fellow traders, just a note on the subject;
> A good reference book on the subject is by TED
> TESSER, titled, "the Serious Investor's
> TAX SURVIVAL GUIDE" from Traders Library,1993;
> re: Chapter thirteen, The
> Business of Trading.
> >>>>>>>>>>>I'm sure there are many others, but this one may help
> somewhat for those of us serious
> (or crazy) enough to want to trade for our
> living.
> You'll have to look around for qualified
> accountants and tax advisors who are knowledgable
> about the trading game. Many are Not.
> >>>>>>>>>>>Anyway, happy and profitable trading.
> Aloha, Wayne P.S. and Dan,
> good suggestion; I'm a home office trader also.
>
> Cheers. (^o^)
>
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