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Search: Posts Made By: SMCJB
Forum: Traders Hideout February 21st, 2018, 08:25 PM
Replies: 15
Views: 5,192
Posted By SMCJB
There is also this thread.... ...

There is also this thread....

https://nexusfi.com/traders-hideout/4832-tax-thread.html
Forum: Traders Hideout February 21st, 2018, 08:23 PM
Replies: 15
Views: 5,192
Posted By SMCJB
I have an LLC which we switched to an S-Corp last...

I have an LLC which we switched to an S-Corp last year. It's a management company though, not a trading company. I'm not sure how it all works (I'm a trader not an accountant) but it enables me to...
Forum: Traders Hideout February 21st, 2018, 08:14 PM
Replies: 15
Views: 5,192
Posted By SMCJB
My trading accounts qualify for Trader Tax...

My trading accounts qualify for Trader Tax Status, my investment accounts do not. They are kept completely separate. This is made easier by the fact that I do not manage my investment accounts...
Forum: Traders Hideout February 21st, 2018, 06:50 PM
Replies: 15
Views: 5,192
Posted By SMCJB
I'm actually a Green Trader Tax client, or Green...

I'm actually a Green Trader Tax client, or Green Neuschwander & Manning client as I believe they are now known, and have been for 7+ years. In summary they are excellent, and really really know their...
Forum: Traders Hideout February 20th, 2018, 05:40 PM
Replies: 15
Views: 5,192
Posted By SMCJB
I believe that in order to qualify for the mark...

I believe that in order to qualify for the mark to market election you must qualify as a business trader. That means you need to show the IRS that trading is a business and not an investment. Number...
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