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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Nelson958 who wrote (14632)	6/20/2002 7:59:01 PM
From: inchingup	Respond to of 36161

Nelson: ---"To this day I still operate my business for the sole purpose of having not to pay higher taxes on any capital gains made from trading if it was my full-time profession"--- Simple explanation: If I were to fold the business today I would lose a lot of equipment depreciation that is available to me for the next several years. As the real value (amount it could be sold for) of the equipment will not depreciate substantially, if at all, over that time period I am able to use the depreciation schedules for my business equipment to offset part of my capital gains in stock trading as it helps reduce my overall taxable income level.