How To Achieve Tax Savings As A Trader

04 Oct

Oct 04, 2022 at 12:00 pm EST


Recording

Join Robert A. Green, CPA of GreenTraderTax.com, as he explains the tax advantages of “trader tax status” (TTS).

  • Learn the golden rules for eligibility for TTS.
  • TTS traders deduct business, startup, organization, and home office expenses, whereas investors cannot.
  • TTS is a pre-requisite for using Section 475 MTM accounting which exempts securities trades from wash sale loss adjustments, navigates around the $3,000 capital loss limitation, and unlocks a 20% qualified business income (QBI) deduction.
  • If you did not elect Section 475 on time, learn to avoid wash sale loss adjustments at year-end.
  • Learn how TTS traders use an S-Corp to deduct health insurance premiums and high-deductible retirement plan contributions.
  • Learn how to use a TTS partnership or S-Corp for a SALT cap workaround and segregate trading vs. investments.