I have a day job, but am transitioning into Day Trading Stocks, hopefully. I make enough trades per day to qualify. You can only write off a maximum of $3k or so in day trading losses, which I went well over (the remainder can be carried through to following years). I also insured many other expenses form day trading such as internet, educational services, and informational services. Since I went over the max $3k/year write off, I was wondering if there is a point in trying to file as a day trader. E.g., will the extra write offs be able to be carried over into following years as well since I hit the max?
