I was in ACN for a year until I filed my taxes and realized how money I spent to "be successful" as I had been trained by ACN reps. I was about 8-10 grand in the hole within 1 year of going to weekly trainings, Regional trainings, ACN conventions, magazines, dvds, cell phone bill, air card, and all of the travel expenses involved in going to all of these meetings all over the country.
You can only claim a loss up to the amount that you made from ACN. If your loss exceeds the amount made then you can carry it over into the next year. Needless to say, the dream I had of getting out of debt actually put me more in debt. I was so convinced that I had to go to all of the trainings because that is what you are fed by ACN reps 24/7 that I was borrowing money just to go and putting my self in a heap of trouble.
I am so glad I woke up before I became completely homeless.