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I just started a trading business, no TTS status. Can I get any deduction?
Hello,
I am currently employed and I trade options/forex as a side job.
I recently formed a LLC for trading and investment purpose.
If I have no TTS status, then I cannot deduct expenses? or TTS status doesn't matter for llc to get deductibles on expenses?
I am planning on expenses as following: home-office deduction, subscription fees, investment management fees, loan interests etc.
‎November 19, 2021
10:33 PM