DailyFX Forum - View Single Post

		DailyFX Forum
Sidebar Wrapper

1,080 Users Online

Thread: Green Trader Tax

View Single Post

#88 (permalink)

06-22-2009, 11:06 AM

phanna

Member

Join Date: May 2009

Posts: 11

phanna is an unknown quantity at this point

Tax Advantage Re: Account Name?

I have your "2009 Trader Tax Guide" and have just ordered your book.

I presently have a Micro account. I plan to set up a separate standard account and will establish Tax Trader Status with the intention of filing a Tax Entitiy Return. I have the option of setting up the account in my Living Trust (my preference) of which I am sole Trustee. My spouse and I are both retired and file a joint 1040. Is there a tax advantage of settting up the account in some way other than within my Trust?

Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.