The Traderszone Network

Published in TZ Latest News 16 October, 2017 by The TZ Newswire Staff

Two tax questions

1) For an individual trader (trader tax status, but no entity), can health insurance premiums be deducted in any way? Assume filing single, no entity, no income other than trading income reported on Scheds. B and C.

2) For the same situation (trader tax status, no entity, income from stock/ETF trading only), does the NYC-residing taxpayer need pay the NYC Unincorporated Business Tax?

Please only answer if you know for certain. Thanks.