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How to Be Eligible for Substantial Tax Savings as a Trader

Robert Green, CPA, GreenTraderTax.com, CEO

Right before the crucial end of the year, you won't want to miss this timely and practical MoneyMastersSM course by trader tax expert, Robert Green, CPA, of GreenTraderTax.com, as he explains the tax advantages of "trader tax status" (TTS). Learn the golden rules in detail for how to be eligible for and claim TTS, no election is required. 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!

Preview

Course Content

2 Chapters • 2:07:34 Duration
  • A taxpayer’s trading activity must be substantial, regular, frequent, and continuous.
  • A taxpayer must seek to catch swings in daily market movements and profit from these short-term changes rather than profiting from long-term holding of investments.
  • Volume, frequency, and average holding period are the “big three” because they are more accessible for the IRS to verify.
  • 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 can 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.

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Order Total: $139.00

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Robert Green, CPA
GreenTraderTax.com, CEO

Robert A. Green CPA managed a tax and accounting firm catering to traders. He is a leading authority on trader tax status, a Forbes contributor, and author of Green's Annual Trader Tax Guide. Mr. Green frequently appears in WSJ, Barron's, and other financial media. He presents tax webinars for Interactive Brokers and other leading brokers.

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