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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?


To: The Osprey who wrote (7136)4/16/1999 7:03:00 AM
From: Buckey  Read Replies (1) | Respond to of 62348
 
Sort of like say a guy is meeting with a daytrading GURU but has to travel to meet with him - he can claim the cost of travel and accomadations ( and golf ) .

No at the same time that GURU may actually claim that the guy he is meeting with is a GURU too. so he claims his associated expenses as well.

A business meeting to discuss trading strategies.



To: The Osprey who wrote (7136)4/16/1999 12:33:00 PM
From: russet  Read Replies (3) | Respond to of 62348
 
Russett to Osprey,

You have to prove the meal was related to the act of doing business.
Good idea to document on the receipt who ate, what was discussed, and why it would make you money. Anyone with a private or public business does this, and if you make money trading stocks, you get to do it to.

They won't give you a receipt for $40.00 for a $23.00 meal. You get to claim half of $23.00 against your income for the year. Expect an audit so keep excellent records of each meal as I detailed above.

russett