Question without notice: If you meet the classification as a share trader but also work a regular job does anyone know how you treat brokerage fees i.e. do you declare them in the deduction section or do you subtract them from the amount of income you would declare from trading?
Rough example:
Income from wage 100k
Trading income 30k
Brokerage 4k
Do you declare trading income as 30k and then list the brokerage in your deductions or declare trading income as 26k after expenses?
Accountants don't seem too familiar with trading
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- Daytraders After Market Lounge 6th July
Daytraders After Market Lounge 6th July, page-16
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