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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: Fred C. Dobbs who wrote (2915)	4/22/1999 2:44:00 AM
From: russet	Read Replies (1) \| Respond to of 4467

You must have receipts for everything. Last years trades should be capital gains (75%) because you made very few trades. They probably won't ask for receipts but you never know. Any costs you incurred making these investments should qualify. Some time ago, when I was living off of student loans and playing gold stocks (1980-84,...the hemlo days) I claimed a capital gain (it was 50% then) and interest on a loan I took out to buy them,...as well as the cost of some publications and long distance phone calls I used to get investment information. The tax chits asked for my receipts and followed my paper trail from the bank loan to the investment account. Took me 2 weeks of frantic running around to get everything together. I presented it to the local tax office,...they looked at it for two seconds and accepted it. You can spend $40.00 on some good investor tax books and get most of the info you need. If you retain the $1500 loss in 1999 (and I hope you make it back and a lot more) you could carry it back to cancel out your gain from last year, and receive a tax refund. Most computer tax programs, such as Hometax (and others) will lead you through the steps. Using hometax has actually alerted me to some deductions I have not taken in previous years. Some packages are better at doing that than others. russett