SureTrader Nadex Advertisement Interactive Brokers Advertisement SureTrader
Home > Boards > Free Zone > Education > Investor Help (NO Ihub questions)

If you trade only as professional then you

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
farooq Member Profile
Member Level 
Followed By 91
Posts 5,605
Boards Moderated 1
Alias Born 11/26/01
160x600 placeholder
farooq Member Level  Wednesday, 01/11/17 04:25:18 PM
Re: Newly2b post# 4636
Post # of 4801 
If you trade only as professional then you can register as trader and you profit and loss goes to Sch C instead of sch D but wash sale rule does not apply. It also benefit that all trade related expenses are deductible but if you are not retired then probably you pay SS taxes on it up to SS limit.
actually you do not need to report individual trade, you report as average price of buying and selling.
Lot less headache for accounting.
Check with your accountant.


Farooq
This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.

http://investorshub.advfn.com/boards/board.asp?board_id=4514
SureTrader
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist