The Truth About Trading

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Summary

The second part of the "Trading As A Business" series. In this episode, I will discuss the basic requirements established by the IRS to be eligible for qualifying as a trading business, or getting the Tax Trading Status. Even though I’m going to cover this in depth, I highly recommend that you consult a tax professional.

Show Notes

The guidelines used to determine whether a business qualifies as a “ traders in security” is found on the IRS Website under Topic 429: https://www.irs.gov/taxtopics/tc429 
As we consider this set of guidelines, please remember to consult a professional CPA. GreenTraderTax.com, established by Robert Green, has a few golden rules regarding the IRS guidelines for your business.  Learn more about their consulting services here: https://greentradertax.com/services/consulting/
What is needed for the IRS to recognize you as a trader?  Refer to this article from the IRS titled “Traders In Securities” : https://www.irs.gov/taxtopics/tc429
To find a  consultation on these services, please visit  https://www.rockwelltrading.com/taxes. 

What is The Truth About Trading?

This podcast is for everybody interested stock trading, option trading, investing in real estate, making money and motivation. Your host is Markus Heitkoetter, a self-made multi-millionaire, bestselling author, and the Leading Trading and Investment Expert. Markus Heitkoetter is also the CEO and Founder of Rockwell Trading.