Tips For Traders On Preparing 2020 Tax Returns (IBKR)

22 Feb

Feb 22, 2021 at 12:00 pm EST


Recording

Join CPA Robert A. Green from Green, Neuschwander & Manning, LLC.

  • 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 TTS traders should prepare a 2020 tax return as a sole proprietor individual, partnership, or an S-Corp.
  • Make vital 2021 tax elections on time like Section 475.
  • 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.
  • 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.

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.

IBlogo

IBKR is hosting the Webinar

Testimonials

Please pass along to Star Johnson CPA and Darren Neuschwander CPA that I am very happy with the tax preparation services provided by Green NFH, and I think the fees I have paid are quite reasonable. As it turns out, I took two tax accounting classes in my MBA program in the mid-1980s and I used TurboTax to file my taxes for about 25 years prior to 2013, since during that period my taxes were relatively straightforward.  When I started trading options as my primary source of income I attended a presentation by Robert Green at Trader’s Expo in Las Vegas in October of 2012 and I realized then that there were significant advantages to creating an entity to qualify for trader tax status.  I also realized that my tax situation would be much more complicated, so that is why I started with Green NFH for the tax year 2013.

PS