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Gold/Mining/Energy : Day trading in Canada
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To: Brian Diggle who wrote (2881)4/21/1999 8:49:00 PM
From: Buckey  Read Replies (1) of 4467
 
Brian - I filed a return and I claimed all expenses I could think of - I took my office and it is 10% of the living space - I got a crapper off the office si i am claiming turlet paper too.

anyway - The tax forms provide the spaces for all of the household expenses including interst on the mortgae - all taxes water electricity Gas if you have it and then you do the % of those costs.

I did not have a good 1998 - I lost money - I made in 1997 and used those proceeds to make a bunch of stoopid moves that were cashed out in early 1998.

Now I also claimed all of the expenses - CCA on my computer - and all the things that have been mentioned.

I am unsure if they will allow the losses against my other income. If not - I will make it up this year. the expenses will carry forward to this year I think - I used home tax software.

the key is reasonable expectaion of profit. Well I provided my tradingg summary for 1999 and it is nicely in the low to mid 4 figure range as of Feb 8 si I showed clearly that I would be m aking money at this as an income generator.

I will update when i get my taxes back - I dont have them back yet - been over 6 weeks and we got back my wife's taxes a weel ago which were sent in at the same time - I suspect that it gets sent on to a more senior person to review - I amsure they will screw as usual - If i was the ugliest homliest guy in the world I could always look forward to April because I know one way or another I am gonna get screwed then -
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