“How to Qualify for Trader Tax Status and Save” with Robert A. Green
Join Robert A. Green, CPA, of GreenTraderTax as he breaks down the advantages of filing with trader tax status (TTS). Among other benefits,
– TTS traders may use business expense treatment on 2018 and 2019 tax returns. Learn how to qualify for TTS.
– Learn how TTS traders use an S-Corp to unlock employee benefit deductions for health insurance and retirement plans.
– TTS securities traders should consider a 2019 Section 475 election by April 15, 2019, for tax loss insurance: Exemption from capital loss limitations, and wash sale loss adjustments.
– The qualified business income (QBI) deduction might apply to traders with 475 income, but it’s uncertain at this time.
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