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Thread: Green Trader Tax

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#16 (permalink)

04-09-2006, 04:46 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

The number of trades rather than contracts is what matters most. Figure you need over 400 round turn trades, with a trade or more every day and more than 4 hours per day. Also very short holding periods of days, not weeks and an intention to run a business. The number of contracts does not indicate activity levels.

The rules are vague and nuanced. We cover them in my book The Tax Guide for Traders. Also see the power point presentation on our GreenTraderEducation page from our home page.

I usually help people determine if they qualify for trader tax status in a 30 minute consultation. There are many factors to consider and the bar is raised when you have another job.

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