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Re: elsieCat post# 15846

Monday, 12/08/2003 8:46:05 PM

Monday, December 08, 2003 8:46:05 PM

Post# of 396429
Also, you can take your cost of doing trading, L2 service, internet connection, phone bill etc as expenses, I have an additional line that is a dedicated trading line, no personal phone calls etc. I don't suggest you ever take expenses in your home such as a portion of your light bill, rent etc. as that will put you into a different category, that would be a "business" which is taxed differently and higher.
I just list myself as a daytrader and my profit comes under "additional income"

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