How to Qualify for Day Trader Status

Описание: How To Qualify For Day Trader Status
The IRS buckets everyone by default as an "investor" for tax purposes. In this video we discuss the criteria that needs to be met in order to qualify as an active day trader in the eyes of the IRS.

This is not an application but a set of facts and circumstances that must be met each year to meet the qualification!

If you qualify you get TWO main benefits:
a) Business Expense Treatment and
b) The opportunity not "right" to Section 475 M2M

*Around 7:08 I misspoke in saying that the equity/options markets closes at 4:30pm. Regular trading hours actually stop at 4pm. 4:30pm is just the time i leave my desk.. :)*

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🖥️Some of My Favorite "Tax Deductible" Trading Tools:
BenzingaPro - great for news and stock research
https://pro.benzinga.com/tradertaxcpa...
Scanz - great for scanning momentum stocks and news
http://www.scanz.com?fpr=tradertaxcpa
FlowAlgo - great for scanning and spotting unusual options activity
https://app.flowalgo.com/users/aff/go...

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DISCLAIMER: I am not a financial adviser but fortunately I am a CPA :). These videos are for educational and entertainment purposes only and should not be taken as "individualized" tax advice. Should you need advice I highly recommend consulting with a professional or our CPA Firm. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

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