Jump to content
ATX Community

Is this a business?


ETax847

Recommended Posts

There are Traders who are a business, but there are hoops to jump through, such as declaring a year ago and mark-to-market at year end. But, the fact that this is his IRA and deferred to retirement would make his trades NOT current income. So, he has no current income, Schedule C or Schedule D or otherwise, to deduct any current expenses. NO.

  • Like 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...