Tips For Professional Traders When Preparing 2019 Tax Returns

If you traded actively in 2019, you should watch this webinar before preparing your 2019 tax returns. Join CPAs Robert A. Green, Darren L. Neuschwander, and Adam W. Manning from Green, Neuschwander & Manning, LLC. There are several new and revised 2019 tax forms based on the implementation of the 2017 Tax Cuts and Jobs Act.

• Learn how traders, eligible for trader tax status (TTS), maximize business, home office, and startup expenses using critical tax-reporting strategies.
• Don’t solely rely on broker 1099-Bs: There might be opportunities to switch to lower 60/40 capital gains rates in Section 1256, use Section 475 ordinary loss treatment if elected on time, and report wash sale losses differently.
• Make vital 2020 tax elections on time.
• Learn common errors on tax returns for TTS traders, which can lead to an IRS or state exam.
• Learn tips for filing extensions and paying taxes.

Lightspeed customers can learn about common errors and opportunities that professional traders can make on tax returns.

Webinar hosted and recording produced by Lightspeed. Everyone is welcome; you don’t have to be a client of Lightspeed.