expansewj
New Member

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.