So use QBI for your trading business, but don't file until Oct. 15th so that you can wait and see if the IRS clarifies this issue.
I think there are separate rules for people who work in the financial industry. I would think Question 4 on that list is meant to cover that.
I was very skeptical to about how I was supposed to be classified (see previous thread), but it comes down to the fact that a sole proprietorship...
Questions 5. and 8. are ambiguous when it comes to trading a personal account to make a living. Under IRS rules, if I qualify and declare trader...
Yes, this would be feasible depending on the email provider and tools available to access those emails. For example, if it is a gmail account,...
I am pretty sure Robinhood is US only right now. You can buy ADRs.
Yes. Although they sell your orderflow to the highest bidder. If you only want to buy 1 share at a time, it seems like an obvious choice. Or other...
Robinhood makes it cost effective.
I think the IB TWS comes pre-packaged with a specific Java version nowadays. So you don't have to have a Java install for TWS to work.
Either your calculation is incorrect or your broker's calculation is incorrect. Figure out why there is a difference and you'll have a better of...
I wouldn't trust anyone to do my taxes properly.
When you log into your account and go to Reports --> Tax, is there a dividend summary that you can download on that page? It has been my...
Long time Windows fan here and Windows 10 is annoying enough that I'm going to make the move to Linux. It won't be a painless process, but I've...
Professional data fees are not a small cost. My preference is to not form an entity, and pay non-professional data fees. The income I earn from...
I switched to tiered after I wrote a program to analyze all my past trades and figure out which commission structure was better. It certainly was...
Not a tax expert, but I'm almost positive that interest does not qualify for QBI. That doesn't seem to make logical sense.
Not a tax expert. Here is my opinion. If you stop trading and shut down your trading business completely, then it seems like you would be entitled...
Assuming you qualify for trader tax status and you are constantly trading the same symbols over and over, then mark-to-market accounting is very...
I am not a tax professional. If I am reading this correctly, it appears that you paid more than 110% in estimated taxes in 2018 compared to your...
https://www.bogleheads.org/forum/viewtopic.php?t=124124
Separate names with a comma.