|
|
Making the most of trader tax status
|
AT-February 2008-2
|
|
One of the biggest pluses of trader tax status is the possibility of additional deductions. This follow-up to last month's article explains how to make the most of this advantage, as well as the benefits and drawbacks of forming an entity.
|
Detailed Description
For traders, the one-two punch of saving money come tax time is qualifying for trader tax status and electing mark-to-market (MTM) accounting.
However, there are many rules and subtleties associated with trader tax issues, and it’s important to know all of them to take full advantage of their benefits.
|
|
|