Excerpt from http://greentradertax.com/trader-tax-center/tax-treatment/tax-treatment-etfs/ Precious metals ETFs Physically backed precious metals...
http://greentradertax-traders-association1.rallycongress.com/17827/dear-congress-please-fix-tax-laws-active-traders/ If you trade financial...
File 8886 on net forex ordinary loss over 50k. It's a simple filing and large penalties if you omit it.
In some firms, Class A members are allocated all losses and Class C prop traders are allocated income based on new high net profits when generated.
Correct, look to the Schedule K-1 for reporting guidance. It will show your opening capital account, income or loss for the year, distributions...
You need to have cost basis in the partnership to deduct partnership losses allocated to you so see your capital account reported on the K-1....
We only know one software that calculates wash sales correctly in accordance with IRS rules for taxpayers stated in Section 1091: wash sales based...
Commodities/futures ETFs Commodities/futures ETFsmay not use the RIC structure, so they are usually publicly traded partnerships (PTPs)....
As a partner of a proprietary trading firm receiving a Schedule K-1 for your share of partnership income, loss and expense, you report the items...
Yes, only in the rare case you have no cost-basis adjustments including wash sale adjustments.
Right, simple check the box. The IRS wanted 1095s for reporting everything but people balked and they made that voluntary. See our 10/30/14 blog...
An Individual 401(k) must be opened before year end, even without any contribution which is payable until the due date of your return including...
Botching the Section 475 MTM election is a problem. I don't follow you about your accountant checking a box on a Schedule K-1 claiming Section...
Forming an entity taxed as an S-Corp can save active business traders significant taxes. With an S-Corp, business traders solidify trader tax...
I just posted a blog. Tax treatment for forex and deposit losses after SNB’s surprise policy change...
Tax treatment for a lost deposit in an insolvent financial institution is covered under Section 165 losses. Basically, you need patience to wait...
@GreenTraderTax: House Budget Chair Price authored 2013 bill to prevent EU FTT in US. Price will stop ranking member Van Hollen US FTT....
http://wapo.st/1AGbKtj House Democrats to introduce a financial transactions tax tomorrow. They're making a big play for juicy middle-class tax...
Not sure we agree here. We consider a SMLLC disregarded entity a "tax nothing" so a SMLLC disregarded entity 475 election is an individual...
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