others in the room are interested in the "traders status
designation" i asked about yesterday . this frikin tax deal is
unreal!! plus deferred losses what a deal..a law from
1929.
anyone have a clue on this would be nice including matt or
steve.
I had for several years back in the late 2000's. As I recall was
just an election your accountant made at end of year. Did let you
expense certain things but don't recall it being all that
important. Of course I was doing over 10,000 trades a year, so was
never any problem or question that I qualified.
heavily scrutinized by IRS with case law precedent. need to
trade virtually every day market is open and not just small
amounts; other significant commitments. do your research / ask your
CPA.
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others in the room are
Posted by RP on 8th of Apr 2020 at 03:58 pm
others in the room are interested in the "traders status designation" i asked about yesterday . this frikin tax deal is unreal!! plus deferred losses what a deal..a law from 1929.
anyone have a clue on this would be nice including matt or steve.
I had for several years
Posted by racerick on 8th of Apr 2020 at 06:43 pm
I had for several years back in the late 2000's. As I recall was just an election your accountant made at end of year. Did let you expense certain things but don't recall it being all that important. Of course I was doing over 10,000 trades a year, so was never any problem or question that I qualified.
https://www.forbes.com/sites/greatspeculations/2017/06/07/how-to-become-eligible-for-trader-tax-status-benefits/#692c6ff3e354 https://thismatter.com/money/ tax/securities-trading- business-taxation.htm https://www.marketwatch.com/ story/tax-strategies-for-day- traders-2015-02-25
Posted by arun on 8th of Apr 2020 at 05:29 pm
https://www.forbes.com/sites/greatspeculations/2017/06/07/how-to-become-eligible-for-trader-tax-status-benefits/#692c6ff3e354
https://thismatter.com/money/
https://www.marketwatch.com/story/tax-strategies-for-day-
traders-2015-02-25
what's the requirement for "'trader
Posted by coolhat on 8th of Apr 2020 at 04:52 pm
what's the requirement for "'trader status designation"
heavily scrutinized by IRS with
Posted by ojc345 on 8th of Apr 2020 at 04:17 pm
heavily scrutinized by IRS with case law precedent. need to trade virtually every day market is open and not just small amounts; other significant commitments. do your research / ask your CPA.