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I am a day trader and I am trying to file my taxes to claim the active trader espenses like margin interest, home office, & purchase of computer. need help


@madison1137 wrote:

You can claim they're the same until the cows come home.


The CD and download are the same and always have been. Again, the CD simply contains the program that you install on your computer, the same as the download. 

 

Here is a screenshot from Amazon:

 

Untitled.png

 

 

Also, again, you're getting the ONLINE versions confused with the CD/DOWNLOAD versions. The download versions are NOT the same as the ONLINE versions.

I am a day trader and I am trying to file my taxes to claim the active trader espenses like margin interest, home office, & purchase of computer. need help

Let's try another way.  OK you are right.  The Online version is not the same as the CD program.  But instead of using the CD you can download the program.  And lots of people don't have a CD drive anymore, especially on laptops so they have to download the CD program.  

I am a day trader and I am trying to file my taxes to claim the active trader espenses like margin interest, home office, & purchase of computer. need help

Hi, thanks for your detailed and thoughtful answer. My situation is that I have current year short term capital gains, but am carrying forward some huge capital losses, which will net out those gains and make the number negative. 

 

My question is: can I ignore the capital loss carryover from prior years, and just consider the current year short term capital gains, since truthfully that's all that should matter for this year's return. Or, is it ok to have a negative number on form 8829 line 8? 

Thanks!

DaveF1006
Expert Alumni

I am a day trader and I am trying to file my taxes to claim the active trader espenses like margin interest, home office, & purchase of computer. need help

To clarify, are you referring to the 8829, for the business use of your home?  If so, if you had a business loss for this year, then it is ok to have a negative number on form 8829 Line 8.

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