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

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To: robbie who wrote (708)2/14/1999 12:13:00 PM
From: mod  Read Replies (1) of 1383
 
<<But, you must have net profit to use 179. >>

Not if you are filing as a trader. I've shown net losses for years on my Schedule C (including Sec. 179 deductions), because all my capital gains are on Schedule D. Now, my Schedule D capital gains have always exceeded my Schedule C expenses, but I don't think that is required.
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