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201100255-I

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Taxpayer, a security investor, could only deduct his expenses on his Schedule A, not as business expenses on Schedule C.  Losses incurred by security investors and security traders are not ordinary losses but capital losses limited to a maximum of $3,000 each year.

Decision Date: 
2012-04-11 00:00:00
Tags: 
Hearing
PDF File: 
PDF icon DECISIONS_INDIV_2012_201100255-i.pdf
Category: 
Individual Income Tax
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