Eligible for trader tax status ShutterstockThere are tax advantages for traders who are eligible for trader tax status (TTS). In the following trader tax court cases, the IRS denied TTS to options traders, including Holsinger, Assaderaghi, Endicott, and Nelson. Active trading gained popularity in 2020, and many people are eligible for trader tax status benefits. This article references to content in Green’s 2020 Trader Tax Guide. Watch our related recording: How To Be Eligible For Substantial Tax Savings As A Trader

Source: Forbes August 27, 2020 21:22 UTC