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.

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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.

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