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PennyWorld

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PennyWorld

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Re: skepticone post# 4845

Wednesday, 01/10/2018 6:20:13 PM

Wednesday, January 10, 2018 6:20:13 PM

Post# of 6602
That is partially correct.

I cannot take trading expenses as tax write-offs (cost of training, software, hardware, etc). This is this the Big Gripe.

However... I can write-off trading losses up to 3K per year. And those losses can carry forward over future years. Example: I lose 6K in Stock A in 2017...... so I write off 3K in 2017 and 3K in 2018 on that stock.

Most folks don't know this stuff about trading out of an IRA.
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