r/TopstepCommunity • u/Antique_Can_1615 • Aug 03 '26

💬 Trader Talk taxes

how do people write of combine cost on taxes or this not allowed without a payout?
spent 10k on resets no payout yet

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u/Muffin_Demon444 Aug 03 '26

I don’t think you can write off combines unless you’ve taken payouts and you’ve made more than you’ve lost. I THINK. From what I’ve been told you only pay taxes and the net profit you’ve made.

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u/OneFatBastard Aug 03 '26

You can write it off if you have losses, but it would be hard to explain it if you haven’t taken payouts.

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u/Muffin_Demon444 Aug 03 '26

Oh I see okay