IRS, Tax related strategies--Traders Message Board

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

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To: The Jedi who wrote (232)	3/16/1998 7:29:00 PM
From: Colin Cody	Read Replies (1) of 1383

As in ANY trade or business if you lose money the IRS may believe you are not really in this "for the income" but perhaps are in it for some other reason. . Facts and Circumstances can go a long way to determine if you made a bona-fide effort to maintain a business-like trade or business. . For example, trading over the sole telephone line from your home vrs. maintaining an outside office with separate business lines, and other evidence of the operation of a serious business operation. . Colin

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