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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?


To: Colin Cody who wrote (1345)4/14/2001 7:45:04 PM
From: Debra Orlow  Read Replies (1) | Respond to of 1383
 
Colin, I have a quick question.

I moved across the country during 2000, and my income both before and after the move is derived from trading. I file as a trader, using Sch C, D, home office deduction, etc. It was my choice to move. I trade out of my home office.

Can I deduct my moving expenses on line 26 of 1040 (and Form 3903)?

Thanks,
Debra



To: Colin Cody who wrote (1345)4/15/2001 9:29:45 PM
From: David Bogdanoff  Read Replies (1) | Respond to of 1383
 
Colin;

A small oil stock I own sent bankrupt and was listed as having zero value in my broker's Feb. 2000, statement.
I learned from reading a popular guide to taxes that this is not good enough for the IRS to establish the stock as being worthless, and it is obviously too late to take any action in 2000 to establish a loss in that year.
Is there any service (such as CCH inc.) that I could use to establish the zero valuation of the stock?
Thanks in advance.

David