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New Member
posted Jul 3, 2024 10:58:01 AM

Re: I just started a trading business, no TTS status. Can I get any deduction?

Is there a type of entity (Sole, Single member, S-Corp or Partnership) that does not have to have TTS status to claim tax deduction as a trader?

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1 Replies
Level 12
Jul 3, 2024 6:46:46 PM

Those entities will get less scrutiny is about all. The trading still has to rise above the level of an investment activity.