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Hello fellow traders:
> I'M LOOKING FOR A LITTLE "TAX" INSIGHT!
Before I take the "sound" advice of my tax accountant this year, I was
hoping for a little insight from some seasoned "profitable" traders.
In other words, what has your experience been?
> What I need to know is:
> Which is better, Schedule C --or-- itemizing expenses & passive income?
I understand only a little about the pro's & con's of each! What I'm
really looking for is possibly something that is not "readily
available" common knowledge!
I am on track to make a rather hansom profit this tax year from
trading futures, and realize that I may not really have an option as
far as my options are concerned for this tax year! However, I would
like to start preparing myself for the next tax year!
As a side note: I also own a bunch of Rental Properties, and am still
able to take a nice size "tax" loss on these properties!
> Please post all responses to the "RealTraders List", so that everyone can benefit!
Thanks for your time & effort in this matter.....and always Happy
Trading to All!
JMB
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