Remember to Deduct Trading Costs - TheStreet

Hey traders: Assuming you meet the stringent requirements to qualify for trader status for tax purposes, don't forget that you have the luxury of deducting all your associated trading costs on Schedule C Profit or Loss from Business.

See

this story for details on the distinction between investors and traders. This is a huge perk because ordinary investors can deduct expenses only in excess of 2% of their adjusted gross incomes.