Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: HarishChandra Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121599  
Subject: Investment as a Business Date: 10/6/1997 2:45 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I am quite active in the stock market beside a full time job. I trade about 4/5 times a month and have a portfolio of over $250,000. This is, of course, a "for profit" activity for tax purposes. As a part of this activity I incur quite a bit of expenses - for subscriptions to several market investment newsletters, an on-line service for technical analysis, AOL for business information and portfolio updates, use of a computer, telephone line etc. My question is whether, and how, I can report this activity as a business for tax purposes. Do I need to incorporate, or create a business entity of some sort, or continue filing as an individual and use Sched. C for reporting this business? I would greatly appreciate your opinion. Thanks.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement