Daytraders After Market Lounge 6th July, page-27

@Britneek i trade under an ABN but have a job as well. I declare the income from trading as business income and the brokerage as an expense in the course of conducting a business along with the other expenses. Any losses can be off set against income from employment as per the ATO guidelines. The ato has some useful info on their site if you search for share trading on the ato site.