Recent content by msushi

Thanks for your insight. So it looks like it MAY be possible to qualify for the college degree deduction (either a masters in finance and/or an mba if my edge lasts long enough to give me that many years for possible deductions) but I will definitely go through this with a certified trader tax...

could I also start an unrelated business and use those losses to offset my total tax obligation with no maximum?

thank you the1. please let me know whether a finance degree (and possibly an mba) are able to be deducted. have a nice weekend!

would the certificate courses at NYIF be eligible for a tax deduction? http://nyif.com/

haha it was worth a shot. trying to get as many deductions from trader tax status as i can :cool: thanks guys

i see, no go on the college degree even if it is part time and has some relevance to trading? thought i was clever by thinking of that but i guess not :D

For a profitable trader who qualifies for trader tax status and if needed creates an entity, would these items be fully deductible with no limit? -venture capital losses -educational expenses - enrolling at a local university for a degree in finance (maybe an mba as well) thank you

does anyone know approximately how many shares someone could trade on a fairly liquid stock through fidelity with minimal slippage? 10k+? looking at fidelity vs ib on total cost for each long term trade

exactly what I was thinking. thanks for your help guys

what about for trading profits? would someone get taxed the prevailing state income tax rate even if they are only visiting for 1-2 weeks at a time?

and you wont need to pay state taxes in the state you are visiting as long as you are living in your tax free state for 180+ days correct?

does anyone have any experience moving to a no income tax state such as florida, nevada or washington? how many days does someone generally need to be in the state for it to count as your state of residency? can you trade while visiting in another state and not be taxed the income tax of...