Please Help-

Please Help- **************************
2008 taxes **************
I have an extension till Oct 15th 2008 to file 2008 taxes.
I had a small business till July /Aug of last year. Bec of the economy
I had no business after Aug. So I decided to work full time on day trading in stocks. Though I made money initially, I lost more money in the end.
Can I write off my Stock trading losses against my other business profits ? and reduce my taxable income ?
Pls let me know.
Thanks,
Marie
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

Site Timeline

BeanSmart.com is a site by and for consumers of financial services and advice. We are not affiliated with any of the banks, financial services or software manufacturers discussed here. All logos and trade names are the property of their respective owners.

Tax and financial advice you come across on this site is freely given by your peers and professionals on their own time and out of the kindness of their hearts. We can guarantee neither accuracy of such advice nor its applicability for your situation. Simply put, you are fully responsible for the results of using information from this site in real life situations.