Hi @Meteor
Yes, that's the publication I was talking about. My apologies I didn't make it clear. I should have put that link as well to make it clear for the members.
Agree with you regarding the income and the tests and they are well set out in the publication.
For anyone classified as a 'trader' will have $20,000.00 assessable income easily, referring to trader/investor test link you advised.
Say my income from day job is $70k and my loss from trading as 'trader' is $20k. My turnover is well over $20k and my other income is less than $250k so yeagetting my taxable income to $50k ($70k day income less $20k trading loss & trading operational costs such as depreciation etc...).
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Hi @Meteor Yes, that's the publication I was talking about. My...
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