Trading Taxes EXPLAINED! Step-by-Step

To get the transcript and MP3, go to: https://www.rockwelltrading.com/coffee-with-markus/trading-taxes-explained/ Intro: 0:00 Trading And Taxes: 0:36 Trader Tax Status: 4:18 Trader Tax Status Qualifications: 7:34 The first video from "Trading As A Business" series: How To Start A Successful Trading Business: https://youtu.be/v9gVm44mZMk In this video 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. 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 some 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. ============================================================================================= ✅ First, subscribe to my channel here so you never miss a new video: https://bit.ly/3aLKLDz 📺 Watch My Daily Trading Routine that takes me less than 15 minutes a day: https://go.rockwelltrading.com/my-trading-routine 📕Get a FREE Hardback Copy Of My New Book “The Wheel Options Trading Strategy”: https://go.rockwelltrading.com/the-wheel-book 💻 Need a broker? We prefer trading using Tradier! Sign up here: https://go.rockwelltrading.com/tradier-brokerage 📈 TradingView is my favorite charting platform. I use the Pro Version: https://go.rockwelltrading.com/tradingview-signup ================================================================================ tastyworks, Inc. (“tastyworks”) has entered into a Marketing Agreement with Rockwell Trading Services, LLC whereby tastyworks pays compensation to Rockwell Trading Services, LLC to recommend tastyworks’ brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Rockwell Trading Services, LLC by tastyworks and/or any of its affiliated companies. Neither tastyworks nor any of its affiliated companies is responsible for the privacy practices of Rockwell Trading Services, LLC or this website. tastyworks does not warrant the accuracy or content of the products or services offered by Rockwell Trading Services, LLC or this website. Rockwell Trading Services, LLC is independent and is not an affiliate of tastyworks. Let's connect! Facebook Page: https://www.facebook.com/rockwelltrading Facebook Group: https://www.facebook.com/groups/tradingequalsfreedom/ Instagram: https://www.instagram.com/rockwell_trading/ LinkedIn: https://www.linkedin.com/in/markusheitkoetter/ Subscribe to my Podcast! iTunes: https://podcasts.apple.com/us/podcast/the-truth-about-trading/ Google Podcast: https://podcasts.google.com/?feed=aHR0cHM6Ly9hbmNob3IuZm0vcy84ZWJhZjBjL3BvZGNhc3QvcnNz ================================================================================ Markus Heitkoetter Rockwell Trading Services LLC 401 Congress Ave 1540 Austin, Texas 78701 (512) 337-1885 http://www.rockwelltrading.com Known for being able to teach anyone to trade in 60 minutes or less, Markus Heitkoetter with Rockwell Trading has taught over 360,000 traders worldwide and has appeared on CBS, FOX, NBC, ABC and more. Markus is on a mission to prove how simple trading really is so that you too can travel the world and live the lifestyle you always dreamed about.