There has got to be a way to manually add a transaction to do what you want. Play around until you find it. By the way, the fact that TurboTax...
I'm not a tax professional, but I'll try to answer your questions anyway. 1. Did you hold a long position in SVXY or UVXY over the 2017-2018 year...
There are no silly questions when it comes to these K-1s. Again, I am not a tax expert, so take my attempts at answers with a grain of salt. The...
You are correct. Depending on where the numbers get transferred to from the K-1, the tax implications will change. Because SVXY uses futures...
I was looking at purchasing one of those lawsuits. I was lucky - I couldn't stomach the lawyer fees so I passed.
LLCs are great for one reason: to shield your personal wealth from lawyers. I would not have started a business had LLCs not existed.
You should at least look into the tax implications of using futures rather than spot and see if that might be beneficial to you. I seem to recall...
Right. So whenever you don't want a currency position anymore, exit it completely (back to USD).
Well presumably you would only be long/short a foreign currency if you wanted that position to be active. If you didn't, you can convert...
Assuming you are a US citizen, you don't pay taxes on anything until you have a taxable event (like anytime you sell a foreign stock or you sell...
Just run from your own machine (to cut down on costs and complexity) until you prove to yourself everything is working.
I would be shocked if FIFO would ever apply across multiple accounts. The new Trump tax reform ended up dumping the FIFO proposal I think:...
Since they are different accounts, you would report the gain from the one account and you would still be holding the loss in the other account. If...
Normally when a company pays a dividend over a long period of time, it has shown the ability to stay profitable through different market...
Then you need to declare MTM. There are important deadlines associated with this declaration that you need to adhere to plus you need to...
I mean if you really wanted to play the same game, you can just sell your XIV position and move into SVXY which will still be trading after XIV...
Summary: NYSE and Nasdaq claim competition is bad for traders/investors.
It went down that drastically by design. If you cannot bring yourself to understand why the price movement was justified, you shouldn't be trading...
Not positive, but I'm not sure IB would auto liquidate in afterhours trading (which is when XIV crashed). The 100% margin on VIX products would...
Theoretical unlimited loss potential by shorting UVXY. Buying puts you are limited in your loss to how much money you used to buy the put.
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