but either way the trading related expenses go on a Schedule C? Eventhough "business income" is not reported on a schedule c.. but only capital gains/losses???
so I guess you would put "Zero" for business income.. but list the expenses on the schedule?
You must elect M2M by April 15th of the tax year that you want to start using it. So, it is too late to claim M2M for tax year 2005 returns, but if you file by April 15th of this year, you can claim on your 2006 return.
You must elect M2M by April 15th of the tax year that you want to start using it. So, it is too late to claim M2M for tax year 2005 returns, but if you file by April 15th of this year, you can claim on your 2006 return.
