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


To: Colin Cody who wrote (204)3/6/1998 12:06:00 AM
From: Daniel Elkayam  Read Replies (2) | Respond to of 1383
 
Colin or Joel:

I traded full time in 97 and also held a full time job after market hours. I made about 900 trades and had large losses (much larger then $3000). I consider myself a trader and intend to do it as my only job.

My question:

Can I subtract the losses from my other income? (I will still show a large income).

Thanks,

Daniel.