Taxes (TAX)

[omegahpla]

So, just to be clear, in that scenario you could deduct $500 or $200 from adjusted gross to go against/reduce total net income? You take the $700 and you can only deduct $200 so the remaining $500 isn't deductible?

Another question springs from this. I had a slow month and the broker charged me $150 that month to use the DAS trader system. That would go as a general trading expense? The 2% type?