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How to Achieve Tax Savings as a Trader

Released on Wednesday, August 21, 2024TRADING

Join Robert A. Green, CPA, of GreenTraderTax.com, as he explains the tax advantages of using trader tax status (TTS), including:

  • How can active traders qualify for TTS?
  • How to use TTS to deduct business, startup, organization, and home office expenses.
  • Understand how TTS traders can strategically elect Section 475 MTM accounting, which exempts securities trades from wash sale loss adjustments, navigates around the $3,000 capital loss limitation, and unlocks a qualified business income (QBI) deduction on trading gains.
  • Profitable TTS traders might achieve additional tax benefits by using an entity like an LLC, which is taxed as an S-Corp for employee benefits, or a partnership for the SALT cap workaround.

Robert Green, CPA
GreenTraderTax.com, CEO

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