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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Lee (Hijacked) who wrote (2027)	3/21/1999 3:13:00 AM
From: kaz	Read Replies (2) \| Respond to of 5810

Dennis, Hmmm, I'm not sure. If your expenses are things like monthly data fees, you can probably just add that to your first trade of each month on the schedule D. Then you don't even have to worry about a schedule C. If you have other expenses to write off, you'll have to have some income on your schedule C to write off against, at least I think that's correct. Better get Colin's answer on that one. If you don't use mark to market you will have to keep track of all you trades in each stock so that your losses aren't taken until the last losing trade. That sounds too difficult to me, so I just elected mark to market. Regards, Paul Kaz