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To: ojai who wrote (3402)	3/15/1998 11:31:00 AM
From: Dominick	Respond to of 12617

Ojai: Yes you would file a Sch C and pay social security on net business income. As a financial advisor or independent registered rep classified as an Independent Contractor, (sole proprietor), business expenses are deducted from wage & business income. If your listed as a Corporation, you cannot deduct more than your business income. This has nothing to do with gains and losses day-trading your own account. Only deducting your equipment, programs, etc.etc. needed to earn business income. Please note. I am not a tax expert and any tax advice received should always be referred to a CPA. Thanks, Dominick