Please Help-
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2008 taxes
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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