Transaction Tax Could Shut Traders Down
The proposed financial transaction tax could put many traders out of business, says tax expert Robert Green, who assesses the hotly contested issue from both sides.
Uploaded on Jul 5, 2011. MoneyShow.com interview of Robert Green published on YouTube,
I have been trading futures for 2-3 years with the goal of establishing this as a business. To date I have substantial tax losses. I contacted Robert Green to discuss the tax aspects of my futures trading. Robert clearly explained the laws on claiming trader status and provided helpful advice on how to best take advantage of the tax laws based upon my trading. He provided specific advice on how to claim trading losses as an ordinary deduction and why trading as a general partnership would be helpful. I am very pleased to have the expertise of Robert and his company to handle my tax return in 2013 and into the future.