Realist... you may be right after all

[nizar]

Can I Claim the cost of Metastock as a tax deduction?

Of course u can.
It was money spent used to earn the taxable income, so its deductable.

 

[GreatPig]

I believe software is considered an asset, and is therefore depreciable rather than deductible. I remember my accountant telling me that quite a few years ago, but things may have changed.

Also not sure if, as an investor, you're able to claim it at all though. I suspect you probably can, but check with your accountant or the ATO.

GP

 

[Freeballinginawetsuit]

I believe software is considered an asset, and is therefore depreciable rather than deductible. I remember my accountant telling me that quite a few years ago, but things may have changed.

Also not sure if, as an investor, you're able to claim it at all though. I suspect you probably can, but check with your accountant or the ATO.

GP

I think the amount of an asset exempt from appreciation used to be $300.00, its gone up to $1000.00 if memory serves me correctly. Thats for any singular purchase, try breaking up the invoices maybe.

 

[mime]

I am enjoying this volatility. It helps with the simple trading system of buy low sell high.(provided you didn't buy high)

If you new to trading I suggest you download a simple economics course on audio tape so you can learn about macro and micro economics, interest rate, unemployment ect. Then watch ABC finance news at 7:00 and use the stats on it to help you predict the markets future.

I still think the market outlook looks pretty good. It just dropped heavily recently because of Greenspans(sp?) comments although his replacement disagrees with him.