TaxForTraders.com
About TaxForTraders.com
As a result of the Taxpayer Relief Act of 1997, a "trader in securities" qualifies as a trade or business that is eligible for tax breaks and 100% deduction of legitimate business expenses. A trader can also use trading losses to offset an unlimited amount of income. Therefore, it is important to determine whether your trading actually qualifies you as a "trader" or an investor. The tax laws applicable to professional traders are very specific and complex.
