Hope For Active Crypto Traders With Massive Losses
The AICPA recently asked the IRS to permit cryptocurrency traders, eligible for trader tax status (TTS), to use a Section 475 MTM election on securities and commodities providing for ordinary gain or ...More
Trader Tax 101 Video Course
We are pleased to feature our first course in our new GreenTraderTax video series.
Click each lesson below and total course time is 60 minutes.
Retail TradingÂ (6:50)
Trading Other Peopleâ€...More
Spending Crypto For Personal Use Can Be A Tax Mistake
If a taxpayer purchases virtual currency (cryptocurrency) and spends it on personal use, the IRS requires him to calculate a capital gain or loss on each transaction. Capital gains on personal-use pro...More