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Thanks appreciate it.

Thanks. That was what I thought, but wanted to make sure on the profit side. On the Loss side, would the commissions be added to the loss?

Simple Questions for somebody knowledgeable: Let say at the end of the year I showed a profit $1,000 with commissions at $250. Do I pay capital gains tax on $1,000 or $750? Or let's say at the end of the year I showed a loss of $1000 plus commissions of $250. Is my total loss for tax...

sideshowbob: I checked out those websites pretty well much of today. Thanks, still left me with some questions, see below. Thanks for the input. There seems to be a lot information that is up for personal interpretation out there, I suppose much of it depends on personal preference and...

lindq: Seems like you have some helpful insight on this matter. If you don't mind, can you give me some insight on my situation. I started actively day trading futures this November and from all I have read, I would qualify for "trader status," however, I will be receiving severance pay...

Is there a website, book or company that anybody would recommend for tax advice for a career day trader focusing primarily on futures?