taxes-legal
Explore our articles on taxes-legal. Find a useful perspective for your next decision.
Articles in this topic
20 published articles, with the newest first.
Trading Education
Day Trading Taxes for Prop Firm Traders: What You Owe
Tax guide for prop firm traders: payout classification, Section 1256 treatment for futures, self-employment tax, deductions, and record-keeping tips.
Trading Education
How to Budget for Trading Expenses: Data, Software, and More
A practical breakdown of monthly trading expenses including data feeds, platforms, software, and education so you can budget before you start.
Trading Education
How Prop Firm Payouts Are Taxed: A Trader's Guide
Learn how prop firm payouts are taxed, whether you receive a 1099 or invoice, and how to report funded trader income on your tax return.
Trading Education
Retirement Accounts for Traders: IRA and Other Options
Explore retirement account options for active traders including IRAs, Roth IRAs, solo 401(k)s, and how to trade within tax-advantaged accounts.
Trading Education
Common Tax Mistakes Traders Make (and How to Avoid Them)
Avoid costly trading tax mistakes including wash sale errors, missing deductions, and poor record keeping. A practical guide for active traders.
Trading Education
Crypto Wash Sale Rule: What Traders Need to Know
Does the wash sale rule apply to crypto? Learn about the current rules, proposed legislation, and how crypto traders should handle tax-loss harvesting.
Trading Education
Crypto Trading Taxes: What Beginners Must Know
Understand how crypto trading is taxed in the US, including capital gains rules, taxable events, reporting requirements, and tips for beginners.
Trading Education
When to Hire a Tax Accountant Who Understands Trading
Find out when you need a trading tax accountant or CPA for traders, what to look for, and how the right professional saves you money.
Trading Education
Trading From Outside the US: Tax Considerations to Know
Key tax considerations for non-US traders accessing American markets, including withholding taxes, treaty benefits, and reporting obligations.
Trading Education
Trader Tax Status and Section 475 Election Explained
What Trader Tax Status (TTS) is, how Section 475 mark-to-market works, qualification requirements, and why it matters for active day traders.
Trading Education
Mark to Market Election for Day Traders
Learn how the Section 475 mark to market election works for day traders, its tax benefits, deadlines, and whether it's right for your trading business.
Trading Education
How to Manage Your Trading Profits Wisely (Don't Blow It)
Practical advice on what to do with your trading profits, from tax reserves to reinvestment, so you don't lose what you've earned.
Trading Education
Tax Deductions for Day Traders: What You Can Write Off
A clear guide to tax deductions available to day traders, including home office, software, data feeds, education, and equipment expenses.
Trading Education
Wash Sale Rule Explained: What Every Trader Needs to Know
The wash sale rule can silently inflate your tax bill. Learn how it works, when it triggers, and strategies active traders use to avoid it.
Trading Education
How to Pay Quarterly Estimated Taxes as a Trader
Learn when and how to pay quarterly estimated taxes on your trading income, including deadlines, forms, and how to avoid underpayment penalties.
Trading Education
Short-Term vs Long-Term Capital Gains Tax for Traders
Understand the difference between short-term and long-term capital gains tax for traders, including rates, holding periods, and strategies to save.
Trading Education
Should You Form an LLC for Trading? Pros, Cons, and When
Is an LLC worth it for trading? Learn the pros, cons, and when forming a trading LLC makes financial sense for active day traders.
Trading Education
What Records to Keep for Trading Taxes: A Complete Checklist
A complete checklist of trading records you need for taxes. Learn what to track, how to organize it, and which documents the IRS expects.
Trading Education
Trading as a Business vs Hobby: Tax Implications Explained
Understand investor versus securities-trader status, business expenses and why a Section 475 election is a separate US tax decision.
Trading Education
How Trading Income Is Taxed: A Beginner's Guide
Confused about how trading income is taxed? This beginner's guide explains capital gains, ordinary income, and what traders owe the IRS.