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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?! -- Ignore unavailable to you. Want to Upgrade?

To: Jon K. who wrote (287)1/20/1999 7:22:00 AM
From: Meredith Cullen  Read Replies (1) | Respond to of 611
 
Jon, any individual can deduct those expenses as investment related expenses. If not, please explain (I have been)

"3. I do not know if you are a full time trader but if you are,
then set up a trading company and you can deduct all business
related expenses (from computer expense, internet access,
books & research expense, home office expense, to travel
expense - if you travel to check the company you are going to
invest, of course)"

Meredith



To: Jon K. who wrote (287)1/20/1999 8:28:00 AM
From: Tom Hua  Respond to of 611
 
Jon, you brought up many good points, thanks. Actually I don't mind paying capital gains, it means I'm doing well. But like you, I wish the rates are a little lower (I lack the patience to take advantage of the long term rates)

Regards,

Tom


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