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Thread: Green Trader Tax

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#24 (permalink)

09-16-2006, 12:56 PM

GreenTrader Tax GreenTrader Tax is offline

CPA, CEO Green & Company CPAs, LLC

Join Date: Mar 2006

Posts: 177

GreenTrader Tax is on a distinguished road

qualifying for trader tax status

Sorry for the delayed reply.

I need to know the number of traders, not the number of contracts.

In order to qualify for trader tax status - business tax treatment - you need to trade almost every day; with one of more trades per day.

Part time forex traders can qualify easier than securities or futures traders because the forex markets are open 24/7; so they can trade at night after working another job during the day.

See our power point presentation in pdf on Forex Tax & Trader Tax.
http://www.greencompany.com/Educatio...enWorkshop.pdf

Consider a consultation with me to determine if you qualify and if you should use an entity or not. http://www.greencompany.com/Traders/...nsulting.shtml

Thanks.

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