Re: [CANSLIM] Deduction Subject to 2% Limit

From: Spencer48@aol.com
Subject: Re: [CANSLIM] Deduction Subject to 2% Limit
Date: Wed, 23 Jul 2003 12:29:53 EDT

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Pritish:

     How can you use Schedule C (business expenses) for CANSLIM.  I thought 
Schedule C was devoted only to expenses of a business which can be deducted 
from your business income?  (Is there a difference between a "Trader" using 
Schedule C (ala Publication 550), and any taxpayer being allowed to use Schedule C 
so long as he uses CANSLIM as a business [albeit not his MAIN business, ie. 
wherein he makes most of his income]?)

     Also, what is your rationale for deducting CANSLIM expenses using 
Schedule C?  (Are you retired and have no other source of income)?

jans


In a message dated 7/23/2003 12:13:58 PM Eastern Daylight Time, 
pshah@lason.com writes:

<< I do use Schedule C for CANSLIM. My major source of income is not the wall 
street so I do not qualify as a trader. I do not think I ever want to be a 
trader for a living. >>

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