Industry: Financial services

Does my side job get tax breaks?

September 5, 2008: 10:56 AM ET

Tom Day, Baker, La.
I'm 66 and will be self-directing an IRA to generate income. I understand the IRA cannot be a business. But, I will need a computer, software, travel to attend investing seminars, and a host of other expenses in order to self-direct it. Can any of these be business deductions?

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