How To Achieve Tax Savings As A Trader

16 Sep

Sep 16, 2021 at 12:00 pm EST


Recording

Presentation Slidess

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 for full-time or part-time traders. You can claim TTS for all or part of 2021 and 2020; the IRS does not require an election for TTS.
  • Automated trading systems (ATS) can qualify for TTS, providing the trader is significantly involved with creating the ATS. Using software or services that mimic other people’s trades is not eligible for TTS.
  • TTS traders deduct business expenses, startup costs, organization costs, and home office expenses, whereas investors cannot.
  • Learn how TTS traders use an S-Corp to deduct health insurance premiums and high-deductible retirement plan contributions.
  • TTS is a pre-requisite for using Section 475 MTM accounting which exempts securities trades from wash sale loss adjustments, navigates around the capital loss limitation, and unlocks a qualified business income deduction.

If you can’t join us live, register, and you will automatically receive a link to the recording after the session ends. You don’t have to be a client of IBKR.

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Testimonials

5 stars. I am a day-trader with several thousand trades per year. Green, Neuschwander & Manning, LLC has done my taxes for seven years now. They are always very helpful, very professional, and quite thorough. I have not been audited during the seven years, and I have been very pleased with my tax results (If I were to do my taxes myself, I wouldn't come close to the refunds I have been getting.). So as long as I have an LLC and am involved with trading, I will stay with Green!

JHM