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| Tax Issues Personal and business taxes. Federal, state and local income taxes, sales taxes, etc. |
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Dec 26th, 2006, 09:21 AM
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#1 |
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Junior Member
Last Online:
Dec 26th, 2006 09:22 AM Join Date: Dec 2006
Posts: 1
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Taxes and internet investing
does anyone have info. regarding whether monies lost to various internet investments,such as surf sites,doublers and so on is deductible ?I have heard they are considered illegal,yet if a profit is made,one would assume taxes would have to be paid.
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Dec 26th, 2006, 07:26 PM
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#2 |
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Posts: n/a
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Re: Taxes and internet investing
They can be deducted as losses or in some cases as even more beneficial "theft losses" if the money was scammed from you and you did not know what was going on etc.--ie that it was a ponzi scheme...you should have accountants assist in arranging the deductions.
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