Comments on: Can a stock investing seminar trading program be a tax deduction?

By: Sam

Sam — Tue, 14 Apr 2009 00:08:59 +0000

Yes, you can write it off as an investment expense as part of your itemized deductions.

By: Hank

Hank — Mon, 13 Apr 2009 23:29:59 +0000

It all depends on if you borrowed the money to buy the shares or if you paid for them outright if you borrowed and still owe money on the loan then you can negative gear the shares at tax time, speak to your accountant, because if you are uses the investment for an income you will have to pay tax on the earnings.

By: Pat

Pat — Mon, 13 Apr 2009 22:48:59 +0000

Absolutely. List it with the loses you’ve sufer’d throuh the year.

By: DocStock

DocStock — Mon, 13 Apr 2009 22:29:59 +0000

I think you can write it off against investment earnings. For $5400, it must have made you a lot of money! You should ask you CPA.