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are commissions and costs tax deductible?


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  #1 (permalink)
 podowitz 
Atlanta, GA
 
Experience: Beginner
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I daytrade futures. Are my commissions tax deductible as a "cost of doing business?"


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  #2 (permalink)
 jneedle 
San Jose, CA
 
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The tax statements from your brokers show your net profits/losses, which includes any commissions and fees. You don't need to track those separately.


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