IRS, Tax related strategies--Traders Message Board

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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: Colin Cody who wrote (187)	2/27/1998 5:56:00 PM
From: mod	Read Replies (1) of 1383

Colin, you don't net the schedule C's. They are for separate businesses. Each person has a trading business and a consulting business. You can have a loss in the trading business, and still have earned income and a profit and set up a SEP-IRA in the other consulting business. I'm not sure how you ended up with a loss of $370,000 net, that loss should only be trading expenses. So maybe I am missing your point here. Dennis

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