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Thread: Green Trader Tax
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Old 07-08-2009, 10:05 AM
GreenTrader Tax GreenTrader Tax is offline
CPA, CEO Green & Company CPAs, LLC
  
Join Date: Mar 2006
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trader tax status
Need to know much more than you provided. Number of contracts is not enough. To qualify, you need one or more trades every day, or atleast 4 of 6 days per week, over 4 or 6 hours per day, holding periods of a day or few days, serious account size (over 20k), intention to run a business to make a living, serious tools, business expenses, home office and duration of this activity.

It's harder for traders with other fulltime jobs to qualify. The IRS is more skeptical. See our golden rules here FOREIGN FUTURES (page 13) or in an FXCM GreenTraderTax Webinar archive. Also read my blog series on trader tax status in late April and early May here Trader tax status review - GreenTrader Weblog

We consult clients on qualification here CONSULTING (summer promotion pricing in effect).

Thanks.
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