>trade stocks at home >claim my rent, electric bill, internet

>>1924107
The downside to doing this is that you have to claim a bunch of things as income tax that you wouldn't normally have to, and self-employment taxes which add up.

>>1924107

Better hope you don't get audited.

https://www.fool.com/taxes/2008/09/04/another-reason-not-to-day-trade.aspx


>One Florida couple sought to do exactly that. After making $280,000 in income in 1999 and 2000, they decided to go pro. In 2001, they formed a company and made more than 660 trades over the course of two years. Not surprisingly, they suffered losses during the bear market -- losses they tried to claim as regular business losses.

Not so fast, said the IRS. While hundreds of trades a year might seem like a lot, the IRS didn't think so. It has two tests to determine eligibility: Was the couple's trading activity "substantial"? And were they trying to catch "swings in the daily market movements" in an attempt to profit from these short-term changes?

>For the Florida couple, the Tax Court found that the answer to both questions was no. All of the deductions they wanted to itemize as business losses became capital losses instead, resulting in a tax bill of $98,000.

IRS usually lets that shit sit for a while so they can tack on interest when they bring the hammer down.

On the bright side, you'll have a lot of the memecoin anons going down with you so you wont be alone.

>>1924119
why does the government insist on ruining peoples lives?
>finally make 280k
>small hint of freedom
>end up losing some
>get hammered with a tax bill to finish you off

>>1924157

So there are more worker ants in the colony

>>1924107
>got full time job 9 months ago
>still work freelance on the side
>Still claim everything in my house
>Would also claim my lunches while im at full time job but im not that much of a madman

>>1924157
Silly wage slave, we can't have everyone getting wealthy now can we....