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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )
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To: Kaye Thomas who wrote (2187)5/7/1999 8:01:00 PM
From: Nelson Chang  Read Replies (2) of 5810
 
Well, Colin and everybody. Thanks for your help in completing my 1998 taxes.

Now a bigger problem arises. I had to pay a huge 39.6% tax rate last year resulting in a pretty heavy check.

This year, at least according to my cap gains to date, it will be substantially higher.

I NEED DEDUCTIONS. I know all the common deductions (trading expenses, etc). But can anyone please offer any other suggestions as to how I can lower my taxes next year as a trader?

Of course, any input is greatly appreciated.
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