Tips For Traders On Preparing 2020 Tax Returns (TradeStation)

23 Feb

Feb 23, 2021 at 4:30 pm EST


Recording

Optimize your strategy for handling taxes as a trader:

  • There are new and revised 2020 tax forms and tax preparation strategies based on implementing the 2017 Tax Cuts and Jobs Act and the 2020 CARES 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 2021 tax elections on time.
  • Learn common errors on 2020 tax returns for TTS traders, which can lead to an IRS or state exam.
  • Learn tips for filing extensions and paying taxes due April 15, 2021.

This live online event is presented by TradeStation and hosted on TradeStation’s affiliate YouCanTrade.com (TS).

 

09/22 Tax Planning For S-Corps More on Tax Planning For S-Corps

09/22 Tax Planning For Traders More on Tax Planning For Traders

05/26 ChatGPT Explains Trader Tax Benefits More on ChatGPT Explains Trader Tax Benefits

04/18 Highlights From Green’s 2023 Trader Tax Guide More on Highlights From Green’s 2023 Trader Tax Guide

03/14 Tax Extensions: 12 Tips To Save You Money More on Tax Extensions: 12 Tips To Save You Money

Testimonials