Taxes and internet investing

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JOEBOB

Junior Member

Join Date: Dec 2006

Posts: 1
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#1

Taxes and internet investing

12-26-2006, 08:21 AM

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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#2

12-26-2006, 06:26 PM

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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