MoneyMasters Course – How to Be Eligible for Substantial Tax Savings as a Trader

18 Nov

Nov 18, 2020 at 10:30 am EST

Right before the crucial end of the year, you won’t want to miss this timely and practical MoneyMastersâ„  course by trader tax expert, Robert Green, CPA, of GreenTraderTax.com, as he explains the tax advantages of “trader tax status” (TTS).

In this in-depth class, he will cover:

  • The golden rules in detail for how to be eligible for and claim TTS, no election is required.
  • Automated trading systems (ATS) can qualify for TTS, providing the trader is significantly involved with the ATS. Trade copying software might not be eligible.
  • TTS traders deduct business expenses, startup costs, and home office expenses, whereas investors cannot.
  • Learn how TTS traders use an S-Corp to deduct health insurance and retirement plan contributions.
  • TTS traders are entitled to elect Section 475 MTM ordinary gain or loss treatment. Section 475 trades are exempt from wash sale losses on securities, and the $3,000 capital loss limitation.
  • Section 475 income, net of TTS expenses, is eligible for the 20% qualified business income (QBI) deduction if the trader is under the taxable income threshold.
  • Learn current tax developments that might affect traders.

A local CPA is likely to miss out on certain trader tax rules, deductions, and nuances, but Robert Green won’t. And, after this course, you won’t either!

*Tickets are $139 per person; all sales are final. If you miss the live course, you can always watch it on demand at a later date.

Testimonials

After attending a few of the Green webinars, I quickly realized that Bob, Adam and Darren really know all the ins and outs when it comes to the tax handling, preparation and compliance for trading forex. As a full-time trader, their firm guided me in selecting and setting up a business entity for my trading. I also used Green for tax compliance for both my business and personal returns. At first I was hesitant to not have a local CPA, but with the technology we have today that is a non issue. I found Adam and his staff to be highly knowledgeable and he also answered any questions I had in a very timely manner. The tracking templates were easy to use and helped me keep all my expenses organized. I will continue to use Green going forward as I feel that my returns will be fully compliant with the IRS and that they are helping me to utilize the tax code to my benefit. If you are a serious trader I highly recommend their services.
Close