As a day trader, you know how exciting your job can be. Each day presents a new opportunity to capitalize on your vast knowledge to make shrewd trades. But, while the financial markets and trading strategies may be your playground, the world of taxes and accounting can often feel like a labyrinth. So, do day… Read more »
One of the most important considerations when you begin to trade is taxes. There are special rules that apply specifically to traders and not investors. Essentially, United States law considers your trading activity as a business, even if you don’t have any employees. This comes with the tax advantages that are part of owning a… Read more »
So, you’ve decided to make day trading your full-time career. If you’re truly prepared for the job, there are a lot of potential benefits to the choice you’ve made. You get to work from home, be your own boss and you have the opportunity to make a good deal of money. But there are also… Read more »
If you’re a full-time trader working in the United States, you might have heard of the Qualified Business Income Deduction. This relatively new deduction has allowed certain business owners to save money on their taxes. You may be wondering if you qualify for the deduction. Here’s what you need to know: What is the QBI?… Read more »