How To Structure A Trading Business For Significant Tax Savings (Interactive Brokers)
If you actively trade securities, futures, forex or crypto, consider setting up a trading business to maximize tax benefits. With a sole proprietorship, a trader eligible for trader tax status (TTS) can deduct business and home-office expenses and make a timely Section 475 election on securities for tax loss insurance and a potential qualified business income (QBI) deduction. By forming an LLC taxed as an S-Corp, a TTS trader can also deduct health insurance premiums and a retirement plan contribution. An investor without TTS cannot get any of these tax benefits.
Join Robert A. Green, CPA, of GreenTraderTax.com for this valuable one-hour presentation.
Webinar hosted and recording produced by Interactive Brokers. Everyone is welcome; you don’t have to be a client of IB.