IRS, Tax related strategies--Traders Message Board

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

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To: mod who wrote (716)	2/14/1999 2:18:00 PM
From: Colin Cody	Read Replies (1) of 1383

mod, I added to my reply #715 which you missed when replying to it before it was updated on S.I. Robbie posted the correct law "The Code". But the Regs clarify the Code and spell it out some more. You may indeed have a loss showing on a Sch C and still be allowed Sec 179 with respect to that particular Sch C if you have net taxable income as defined. Again, this gray area should be discussed with your own tax advisor. Colin

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