|
PureBytes Links
Trading Reference Links
|
How about incorporating? Some of us already have
small corporations...
Does anyone on this list trade under the banner of their
company? I would assume all costs associated with
trading revenue would then be deductable, right?
-Neal.
At 04:29 PM 8/5/97 -0400, TRaffertu@xxxxxxx wrote:
> Just a few additional comments.
> Commissions are always deductable in that they are included on
>Schedule D, column d ane e, thus reducing the gains shown in column g and
>increasing the losses in column f.
>
> Computers, software, books and similar are deductable, even without
>business statis, on Schedula A, line 22; subject to the 2% rule. It is a
>good idea to attach an itemized list to your return for these items.
>
> Claiming the home office is audit bait. If you even store your
>socks next to your stocks the IRS will disallowe this deduction.
>
> In general trying to claim your at home investing as a business is
>a very risky proposition, and invites audits. It is far better to take the
>consirvative approach, and focus on your trades. In any case talk to a CPA
>before trying this, the IRS will never give you a straight answer.
>
>
>
> Good
>luck,
>
> Ray
>Raffurty
>
>
>
>
|