Green Trader Tax

BY DEFAULT, the IRS, brokerage firms, and most trade accounting programs use the First-In-First-Out (FIFO) accounting method. If you sell security A, its cost-basis is the first lot purchased — the ...More on FIFO vs. Specific Identification Accounting Methods

Many states recently enacted "SALT cap workaround" legislation enabling pass-through entities (PTE) to deduct entity-level SALT payments as a business expense in place of non-deductible itemized deduc...More on Don’t Miss The Election For The SALT Cap Workaround

Updates: As states progress on SALT cap workaround legislation, I update that news at the bottom of my prior post: Unlock State & Local Tax Deductions With A SALT Cap Workaround. Are you disenfra...More on How to Deduct State and Local Taxes Above SALT Cap