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Traders in Securities

Posted on July 24, 2013 by John R. Dundon II, EA — No Comments ↓

If you are an individual who buys and sells securities you may qualify as a “trader in securities,” for tax purposes. This post attempts to explain how traders must report the income and expenses from being in the trading business.…

Tagged with: Application for Change in Accounting Method, dealer, Investor, IRC 1211, IRC 1236, IRC 163, IRC 475, IRS Form 3115, IRS Publication 550, IRS Publication 550 Investment Income and Expense, mark to market election, Securities Traders, Traders in Securities
Posted in Accounting Method, Business Expense, Capital Gain, Capital Loss, Cost Basis, Investment Income, Mark to Market, Paying Taxes, Self Employ, Tax Guidance & Preparation