Day Trading: Facts, Fiction and Discussion: DAYTRADER TAX

» JenL_2 - DAYTRADER TAX

Tax Rules for the Day Trader were posted above:

Rande cited in FortuneInvestor.com

This is 12/7 Tip World's Online Trading Tip of the Day:

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DAYTRADER TAX

Here's a good idea in the "Why didn't someone think of this sooner?" category. If you frequent the investment forums, especially around the end of the calendar year, you know that tax questions are a recurring vexation for the active trader.

You don't need to be a day trader to be involved with short-term versus long-term tax queries.

Daytrader Tax is a production of a CPA company whose core business is to provide tax planning and preparation to frequent stock traders.

The site offers some valuable information on its pages, but it mostly exists as a promotion of commercial information packages that furnish tax strategies and guides to new IRS rules.

http://www.daytradertax.com/

Brad Hill http://www.bradhill.com is the author of 10 books about the Internet and personal technology. He currently teaches Investing on the Web, an online course for ZDU; writes the Investor 2000 column for Raging Bull; and is the producer of Closing Bell, a daily market report.

The information contained in this tip is based on rules and regulations existing at the time of initial publication. These rules and regulations are subject to change. Neither TipWorld nor the author of this tip is engaged in rendering legal, accounting, or other professional services. The reader should always consult with a professional adviser to ascertain current rules and regulations and the application of this tip to personal circumstances.

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I just glanced at the DayTraderTax.com site. They are trying to sell their tax preparation packages for the DayTrader, but there are different levels of service available, depending on how much the traders want to do on their own......Jen

-- posted by JenL_2