/biz/ - Business & Finance

Anonymous Fri Aug 17 20:12:32 2018 No.10738022 [View]
File: 47 KB, 832x960, 1521664958865.jpg [View same] [iqdb] [saucenao] [google]

>To avoid such tax treatment, some active traders try to qualify for trader status. The qualified trader is allowed to file a Schedule C and deduct ordinary and necessary business expenses, which could include education, entertainment, margin interest and other trading-related expenses. Qualified traders can also take a Section 179 deduction and write off up to $19,000 a year for equipment used in trading activities. Finally, a qualified trader can elect a Section 475(f) or the mark to market (MTM) election.

just fyi, frens.

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