Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Colin Cody who wrote (1684)	12/30/1998 7:46:00 PM
From: Daphne	Read Replies (1) of 5810

Colin, Assume TP is filing Sch. C as A Trader. #1. For the purposes of the sec. 179 deduction which of the following would be considered income figure for Taxable income limitation: Capital gains\losses, dividends, interest, capital loss carryforwards, Sch c bus. expenses from trading, loss from sale of business property form 4797? #2 Can the Sec 179 deduction create a net loss on the sch c ? Daphne

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